Organigram Acquires Motif, Becoming Canada’s Largest Cannabis Company by Market Share
Organigram Holdings Inc. - Common Shares (OGI)
Last organigram holdings inc. - common shares earnings: 1/14 04:00 pm
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Source: Business Wire
Transformational Acquisition Results in Cannabis Pure Play Leader, Coast-to-Coast Geographic Strength and Proven Excellence in Consumer-Focused Innovation, Cultivation, Product Development, Extraction and ManufacturingCombination results in #1 market share position in the Canadian recreational cannabis market1Catapults Organigram into the #1 position in the vape category and accelerates the Company’s market share in the fast-growing infused pre-roll segment1Strong brand portfolio now anchored by Organigram’s “SHRED” and Motif’s “BOXHOT” - two of Canada’s beloved cannabis brandsHighly complementary product portfolios with expanded geographic reachOrganigram gains strategically located distribution hub in Southwestern Ontario enabling numerous logistics optimization opportunitiesSignificant cost synergy potential estimated to be in excess of $10 million to be realized over ~24 monthsFinancially accretive acquisition with Motif generating approximately $86 million of LTM net revenue and
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News
- Reitmans, OrganiGram, WildBrain and more: Small-caps stocks that should be on your radar [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Organigram (OGI) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Organigram Reports Fourth Quarter and Fiscal 2024 Results [Yahoo! Finance]Yahoo! Finance
- Organigram Reports Fourth Quarter and Fiscal 2024 ResultsBusiness Wire
- Small caps to watch: Rapidly growing cannabis producer under the microscope [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
OGI
Sec Filings
- 12/20/24 - Form 40-F/A
- 12/18/24 - Form 40-F
- 12/17/24 - Form 6-K
- OGI's page on the SEC website