Organigram eyes global cannabis growth after Motif deal
Fresh off its biggest deal yet, Organigram Holdings (Nasdaq: OGI) is now refocusing its attention beyond Canada’s borders. The cannabis producer’s executives painted an ambitious picture during Wednesday’s earnings call, detailing plans to dive deeper into Germany’s medical market while squeezing more value from their recent Motif Labs purchase. “There’s lots of demand” in Germany, […]
Canadian cannabis operator Organigram acquires Motif Labs’ house of brands
Organigram Holdings – a Canadian cannabis licensed producer with operations in Moncton, New Brunswick, Lac-Supérior, Quebec, and Winnipeg, Manitoba – acquired Motif Labs for 90 million Canadian dollars ($63.6 million), according to a news release. Motif Labs, based in Aylmer, Ontario, produces cannabis concentrates, extracts, topicals and vapes. The company’s Boxhot line of cannabis vape […]