Organigram Announces C$221 Mln Investment From British American Tobacco

T-Reuters2021-03-11

March 11 (Reuters) - Organigram Holdings Inc: :Organigram And Bat Form Product Development Collaboration – Includes Strategic Investment From Bat For 19.9% Equity Interest.Organigram Holdings Inc - Announced C$221 Million Strategic Investment From A Wholly-Owned Subsidiary Of Bat.Organigram Holdings - Bat Subsidiary Has Subscribed For Approximately 58.3 Million Common Shares Of Ogi.Organigram Holdings - Also Entered Into A Product Development Collaboration Agreement With Bat.Organigram Holdings - Under Agreement, A "Center Of Excellence" To Be Established To Focus On Developing Next Generation Of Cannabis Products.Organigram Holdings Inc - Under Terms Of Pdc Agreement, Both Organigram And Bat Have Access To Certain Of Each Other'S Intellectual Property.

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2021-03-11
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