Organigram Up 2% In US Premarket As Buys Motif; Says To Become Canada's "Largest Cannabis Company by Market Share"

MT Newswires12-06

Organigram Holdings Inc. (NASDAQ and TSX: OGI), a licensed producer of cannabis, was up 2% in US premarket trade on Friday as it announced the acquisition of 100% of the issued and outstanding shares ...

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(NASDAQ and TSX: OGI), a licensed producer of cannabis, was up 2% in US premarket trade on Friday as it announced the acquisition of 100% of the issued and outstanding shares ...</p>\n\n<a href=\"https://finance.yahoo.com/news/organigram-2-us-premarket-buys-142806965.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4557","symbol_name":"大麻股","start_time":0,"source_url":"https://finance.yahoo.com/news/organigram-2-us-premarket-buys-142806965.html","article_id":"2489232020","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489232020","pubTimestamp":1733495286,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Organigram Holdings Inc. , a licensed producer of cannabis, was up 2% in US premarket trade on Friday as it announced the acquisition of 100% of the issued and outstanding shares of Motif Labs Ltd., for upfront consideration of $90 million, consisting of $50 million in cash and $40 million of Organigram common shares priced based on the 30 day trading VWAP of $2.3210 on the Toronto Stock Exchange.In addition, Motif shareholders will be entitled to receive additional contingent consideration of $10 million payable in Organigram common shares, conditional on Organigram achieving a price per share exceeding $3.2203 per share, based on the rolling 30-trading day VWAP on the TSX, within 12 months of the date of the transaction. The Contingent Consideration shall be priced at of $3.22031 per share.According to Organigram, the combination results in #1 market share position in the Canadian recreational cannabis market and \"catapults it\" into the #1 position in the vape category, while acceler","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4557":"大麻股","OGI":"ORGANIGRAM HOLD","BK4007":"制药"},"translate_title":"Organigram因收购Motif而在美国盘前上涨2%；称将成为加拿大“市场份额最大的大麻公司”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OGI":0.9},"content_text":"Organigram Holdings Inc. (NASDAQ and TSX: OGI), a licensed producer of cannabis, was up 2% in US premarket trade on Friday as it announced the acquisition of 100% of the issued and outstanding shares of Motif Labs Ltd., for upfront consideration of $90 million, consisting of $50 million in cash and $40 million of Organigram common shares priced based on the 30 day trading VWAP of $2.3210 on the Toronto Stock Exchange. \n\n In addition, Motif shareholders will be entitled to receive additional contingent consideration of $10 million payable in Organigram common shares, conditional on Organigram achieving a price per share exceeding $3.2203 per share, based on the rolling 30-trading day VWAP on the TSX, within 12 months of the date of the transaction. The Contingent Consideration shall be priced at of $3.22031 per share.\n\n According to Organigram, the combination results in #1 market share position in the Canadian recreational cannabis market and \"catapults it\" into the #1 position in the vape category, while accelerating the company's market share in the fast-growing infused pre-roll segment.\n\n Organigram said it gains a \"strategically\" located distribution hub in Southwestern Ontario \"enabling numerous logistics optimization opportunities\" and it flagged \"significant cost synergy potential\" estimated to be in excess of $10 million, to be realized over about 24 months.\n\n Organigram described it as a \"financially accretive acquisition\" with Motif generating approximately $86 million of LTM net revenue and adjusted EBITDA of $4.7 million\n\n OGI closed Thursday on the TSX at $2.03.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2489232020"}