$OGI

Earnings Flash (OGI) Organigram Global Inc. Reports Q2 Net Loss $0.9M Vs Net Income of $42.5M in Q2 Fiscal 2025

Organigram Closes Acquisition of Sanity for $126.6 Million

Organigram Global (OGI) said Wednesday it closed its acquisition of Sanity Group for 107.3 million euros ($126.6 million).The consideration included 78 million euros in cash and 29.3 million euros in shares.The company also closed a private placement with British American Tobacco's (BTI) unit BT DE Investments for gross proceeds of 40.3 million euros, along with senior secured credit facilities of up to CA$60 million.Max Konrad Narr was appointed to Organigram's board for the duration of the earnout period tied to Sanity's financial performance through April 1, 2027.Price: $1.49, Change: $+0.06, Percent Change: +4.20%