OrganiGram Holdings (TSE:OGI) has released an update.
Organigram Holdings Inc. has completed its planned public offering, raising C$28.8 million by selling over 8.9 million units, inclusive of an over-allotment option. Each unit consists of one common share and half a warrant, with each whole warrant allowing the holder to purchase additional shares at C$3.65 within four years. The net proceeds will bolster Organigram’s financial position, supporting growth initiatives and general corporate activities.
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