Monday, October 27, 2025

Organigram Conducts $60.1 Million Underwritten Financing

Organigram Holdings (TSX: OGI) (NASDAQ: OGI) is the latest cannabis operator to raise funds. The company announced this morning that it is conducting a $60.1 million underwritten public offering through that of Canaccord Genuity Corp.

The financing wil see a total of 32,500,000 units of the company purchased at a price of $1.85 a unit. Each unit contains one common share and one half of a common share purchase warrant. Each warrant is good for a period of three years from the date of issue and contains an exercise price of $2.50 per share.

An over allotment option has also been granted, which is valid for a period of thirty days and will enable the financing to be increased by up to 15%. The financing is anticipated to close on November 12, with net proceeds to be used to repay debt along with working capital and general corporate purposes.

Organigram Holdings last traded at $1.60 on the Nasdaq.


Information for this briefing was found via Sedar and Organigram Holdings. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

This Is Why the Gold Run Is Not Done! | Peter Marrone – Allied Gold

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Organigram: Consensus Analyst Estimates For Q2 2021

Organigram Holdings (TSX: OGI) (NASDAQ: OGI) will be reporting their fiscal second quarter on April...

Saturday, April 10, 2021, 01:35:00 PM

Organigram Posts Q4 Revenues of $20.4 Million, Loss Of $38.6 Million

Organigram Holdings (TSX: OGI) (NASDAQ: OGI) this morning reported its fourth quarter financials, with net...

Monday, November 30, 2020, 07:33:51 AM

Organigram’s Moncton Facility Experiences Small Fire

Organigram Holdings (TSX: OGI) (NASDAQ: OGI) experienced a fire at its Moncton, New Brunswick facility...

Wednesday, December 11, 2019, 08:35:42 AM

Organigram Holdings Loses $89.9 Million In Third Quarter, Revenues Fall

Revenue at Organigram Holdings (TSX: OGI) (NASDAQ: OGI) continues to fall. The company this morning...

Tuesday, July 21, 2020, 09:13:13 AM

Organigram To Pay $36 Million For Quebec-Based Cannabis Producer

Organigram Holdings (TSX: OGI) evidently intends to fix its profitability issues by acquiring additional cultivation...

Tuesday, December 21, 2021, 08:48:40 AM