OrganiGram Holdings (TSE:OGI) has released an update.
OrganiGram Holdings Inc. has announced an overnight marketed public offering aiming to raise C$25 million, comprising units of common shares and warrants. The offering is contingent on market conditions and regulatory approvals, with an expected close date of April 2, 2024. Proceeds will fund growth initiatives and general corporate purposes, targeting accretive acquisitions and investments in international cannabis and hemp markets.
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