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Stock impact report

Organigram spikes after $2M investment in U.S.-based cannabinoid player [Seeking Alpha]

Organigram Holdings Inc. - Common Shares (OGI) 
Last organigram holdings inc. - common shares earnings: 1/14 04:00 pm Check Earnings Report
Company Research Source: Seeking Alpha
The minority stake in Steady State LLC, the parent company of Open Book Extracts, marks the first investment from Organigram's ( OGI ) Jupiter investment pool, established with U.K.-based cigarette maker British American Tobacco ( BTI in November. “OBX has a scalable platform, differentiated products, and a great team, all of which support its tremendous access to the U.S. market and leadership in the fast-growing hemp derivatives category,” Organigram's ( OGI ) chief strategy officer Paolo De Luca said. The investment comes as a convertible note, with a maturity date of October 16, 2026, unless converted to OBX equity earlier. As part of the investment, Organigram ( OGI ) will get a membership position in Open Book Extracts (OBX) and the duo expects to work together on U.S. product launches. Recommended For You More Trending News Recommended For You More Trending News Related Stocks Trending Analysis Trending News Show less Read more
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