Canadian cannabis company Organigram buys Laurentian Organic – MarketWatch

Organigram Holdings Inc. OGI, +2.56% OGI, -0.44% said Tuesday it acquired all of the issued and outstanding shares of Laurentian Organic Inc. for about $28 million plus additional earnout considerations based on 2022 and 2023 Ebitda benchmarks. The Laurentian acquisition will allow Organigram to reach into premium products, including hash and craft cannabis, and grow its footprint in Quebec, the company said. Shares of Organigram rose 1% in premarket trades.

Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.

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Organigram Holdings Inc. OGI, +2.56% OGI, -0.44% said Tuesday it acquired all of the issued and outstanding shares of Laurentian Organic Inc. for about $28 million plus additional earnout considerations based on 2022 and 2023 Ebitda benchmarks. The Laurentian acquisition will allow Organigram to reach into premium products, including hash and craft cannabis, and grow…

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