OrganiGram Holdings ( (TSE:OGI) ) just unveiled an announcement.
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Organigram Holdings Inc. announced the acquisition of Motif Labs Ltd., establishing itself as Canada’s largest cannabis company by market share. This strategic acquisition enhances Organigram’s position in the Canadian recreational cannabis market, particularly in the vape and infused pre-roll segments, and supports its vision to expand globally. The acquisition is expected to generate significant cost synergies and improve market reach, driven by a combined portfolio of strong brands and advanced manufacturing capabilities.
More about OrganiGram Holdings
Organigram Holdings Inc. is a leading licensed producer in Canada’s cannabis industry, focusing on consumer-focused innovation, cultivation, product development, extraction, and manufacturing. The company is known for its strong brand portfolio, including the popular SHRED brand, and aims to be a leader in all major cannabis categories.
YTD Price Performance: 16.79%
Average Trading Volume: 540,623
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $166.2M
For an in-depth examination of OGI stock, go to TipRanks’ Stock Analysis page.
