Tag: Motif

Organigram tops estimates, expands international reach ahead of major deal

Organigram Holdings Inc. (Nasdaq: OGI) beat analyst expectations Wednesday off the heel of a major acquisition announcement, despite remaining in the red for now. The Toronto-based producer posted fiscal fourth-quarter revenue of C$44.7 million that beat Yahoo Finance’s average estimate of C$39.12 million. Still, the company reported a net loss of C$5.4 million in its […]

Organigram buys Motif in C$90 million deal

Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) is buying Motif Labs Ltd. in a deal valued at C$90 million consisting of C$50 million in cash and C$40 million of Organigram common shares priced at C$2.3210 on the Toronto Stock Exchange. The stock was popping over 8% on the news and lately selling at $1.58 (C$2.83) on […]