Organigram Holdings Files C$500.0 Million Base Shelf Prospectus

Organigram Holdings (TSX: OGI) (NASDAQ: OGI) appears to be in search of additional funding. The company last night announced that it has filed a preliminary short form base shelf prospectus in Canada, along with an associated shelf registration statement in the United States.

Effectively, the prospectus is for a total figure of C$500.0 million. The company will now as a result of the filing, be eligible to raise up to that figure via the sale of a number of different instruments, which includes common shares, preferred shares, debt securities, subscription receipts, warrants, and units.

The base shelf prospectus is valid for a period of 25 months from the date of filing, with the company not yet indicating how much, if any, funds are to be raised under the prospectus. The prospectus was filed as a means of providing “flexibility for financing options to pursue the corporation’s objectives.”

Organigram Holdings last traded at $3.79 on the TSX.


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

Is Gold’s Bull Market About to Hit Junior Stocks? | Ken Armstrong – Westhaven Gold

Surge Battery Metals: The Nevada North Lithium PEA

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Organigram Sees BAT Invest A Further $6.3 Million Under Top-Up Rights

It appears that British American Tobacco, or BAT, is still focused on maintaining its stake...

Tuesday, March 1, 2022, 07:36:13 AM

Organigram Posts Q4 Loss Of $26.0 Million

Organigram Holdings (TSX: OGI) this morning reported its fiscal fourth quarter financial results, posting net...

Tuesday, November 23, 2021, 08:52:01 AM

Democrats Take Aim At “Big Cannabis” In Proposed CAOC Legislation

It appears that the federal legalization of cannabis in the United States might not be...

Tuesday, September 7, 2021, 05:33:00 PM

Week Ahead: Big Name Earnings To Dominate The Headlines

The upcoming week is going to be a busy one, as markets await first quarter...

Sunday, April 11, 2021, 05:30:00 PM

Organigram: Canaccord Reiterates $3.50 Target

On July 13th, Organigram Holdings (TSX: OGI) (NASDAQ: OGI) reported their fiscal third-quarter results. The...

Monday, July 19, 2021, 02:13:00 PM