AgraFlora and Other Owners Agree to Sell Edibles Business for $35 Million to Organigram [Canadian Business Journal (Canada)]
Organigram Holdings Inc. - Common Shares (OGI)
Last organigram holdings inc. - common shares earnings: 1/14 04:00 pm
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Source: Canadian Business Journal
VANCOUVER, British Columbia, April 06, 2021 (GLOBE NEWSWIRE) —AgraFlora Organics International Inc.CompanyAGRAPU31AGFAF“AgraFlora and Organigram have enjoyed working towards the closing of the EIC Transaction,” said Elise Coppens, Chief Executive Officer and Director of AgraFlora. “The EIC facility was designed to handle both smaller-batch artisanal manufacturing and, more importantly, large-scale nutraceutical-grade and high-efficiency production with a view to gaining EU GMP certification. Organigram found the facility’s design and flexibility attractive, while AgraFlora is now better positioned with its net share of the transaction proceeds to explore new opportunities, potentially in the United States. As such, we view this transaction as truly mutually beneficial,” added Ms. Coppens.Key Transaction TermsThe gross purchase price receivable by AgraFlora and the other shareholders on closing of the EIC Transaction is $22 million, receivable in full by the issuance of 5,045,872 commo
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- 4/25/24 - Form 6-K
- 4/8/24 - Form 6-K
- 4/3/24 - Form 6-K
- OGI's page on the SEC website