The attractiveness of the intoxicating hemp market is becoming harder for regulated cannabis companies to ignore. Fewer regulations and less oversight make the profits better and easier than grinding it out in the restrictive cannabis industry. Organigram Holdings (Nasdaq: OGI) is one of the latest big-name companies to focus on building up its arsenal of […]
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 […]
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 […]
