Welcome to our dedicated page for Organigram Global news (Ticker: OGI), a resource for investors and traders seeking the latest updates and insights on Organigram Global stock.
Organigram Global Inc. reports developments tied to its Canadian cannabis cultivation, processing, branded adult-use products and cannabinoid beverage business. The company operates through subsidiaries including Organigram Inc., a licensed cultivator and processor, and participates in U.S. and Canadian cannabinoid beverages through Collective Project Limited.
Recurring news themes for OGI include operating and financial results, cannabis product launches, brand extensions, international partnership activity, and regulatory matters under Health Canada’s Cannabis Act and Cannabis Regulations. Company updates also cover brands such as Edison, Big Bag O’ Buds, SHRED, Monjour, Tremblant, Collective Project, Trailblazer, BOXHOT and DEBUNK; the FAST nanoemulsion technology platform; and production, edibles, extraction, packaging and fulfillment facilities in Canada.
Organigram Holdings (NASDAQ: OGI) announces the launch of Edison RE:MIX dissolvable cannabis powder, enhancing its product offerings. This customizable cannabis powder can be quickly mixed into beverages, allowing users to create personalized cannabis experiences. The proprietary nano-emulsification technology ensures rapid absorption and improved stability, addressing consumer demand for discreet cannabis consumption. With the Canadian recreational cannabis beverage market projected to grow significantly, Edison RE:MIX aims to capture market share by meeting evolving consumer preferences.
Organigram Holdings (NASDAQ: OGI) has successfully completed an underwritten public offering of 37,375,000 Units, generating total gross proceeds of C$69,143,750. Each Unit comprises one common share and half of a common share purchase warrant, exercisable for three years at C$2.50 per share. The funds raised will be used to repay debt and for working capital. The offering included an over-allotment option of 4,875,000 Units, fully exercised by underwriters. Canaccord Genuity led the underwriting syndicate.
On November 10, 2020, Organigram Holdings (NASDAQ: OGI) announced a public offering of 32,500,000 units priced at C$1.85 each, totaling gross proceeds of C$60.125 million. Each unit consists of one common share and half a warrant, with each warrant exercisable at C$2.50 for three years. The offering is expected to close on November 12, 2020, subject to market conditions. Proceeds will be used for debt repayment and general corporate purposes. An additional 15% of units may be purchased by underwriters under certain conditions.
Organigram Holdings Inc. (NASDAQ: OGI) announces the launch of festive cannabis offerings: Trailblazer Kushmas Stix and Edison Bytes Gingerbread Truffles. Both products will be available in select provinces for holiday gifting. The Kushmas Stix features a blend of kush cultivars in a 0.5 g pre-roll format, while the Gingerbread Truffles contain 5 mg THC each, sold in packs of two. CEO Greg Engel highlights the company’s commitment to creativity and exceptional customer experiences with these seasonal products aimed at adult consumers.
Organigram Holdings (NASDAQ: OGI) announced CEO Greg Engel's appointment to the Board of Directors of the Canadian Chamber of Commerce. This recognition highlights the cannabis industry's growing significance to Canada's economy, generating jobs and fostering business advocacy. Engel will serve on the Member Relations & Services Committee, aiming to represent the cannabis sector's interests and contribute to broader Canadian business issues. The Canadian Chamber of Commerce has been a pivotal organization since 1925, advocating for public policies that support economic growth across the country.