Organigram Receives C$124.6M Investment from BAT

DENVER, Colo., Nov 6, 2023 ( Organigram Holdings Inc. (NASDAQ: OGI) stated, this morning, that it received a C$124.6 million follow-on strategic equity investment from BT DE Investments Inc., a wholly-owned subsidiary of British American Tobacco PLC (NYSE: BTI)

Organigram Holdings is trading at $1.31, up $0.15 (+12.93%), on 145.2K premarket shares traded.

Its 52-week range is $0.9702 to $5.08. It’s at a key inflection and, if the volume strengthens, it’s positioned to challenge its September price levels.

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