Organigram Global Completes EUR 107.3 Million Acquisition of Sanity Group
Organigram Global (NASDAQ:OGI) completed the acquisition of Sanity Group for EUR 107.3 million, including EUR 78 million in cash and EUR 29.3 million in shares. The deal is expected to enhance the company's growth prospects in the cannabis sector and was partially funded by a strategic investment pool backed by British American Tobacco PLC. The acquisition is seen as a positive move for Organigram's international expansion.
Topics: acquisition cannabis industry corporate finance Organigram Global Sanity Group