Organigram Holdings Inc.
(MENAFN- Baystreet) 09:57 AM EST - Organigram Holdings Inc. : Announced today that on February 28, the Company closed the third and last of three tranches of the previously announced C$124,559,674 follow-on strategic equity investment by BT DE Investments Inc., a wholly owned subsidiary of British American Tobacco plc. Pursuant to the Third Tranche closing, the Investor acquired 7,562,447 common shares and 5,330,728 Class A preferred shares of the Company at a price of C$3.2203 per Share for gross proceeds of USD$28,955,918.44 (equal to C$41,519,891). Organigram Holdings Inc.
shares T are trading down $0.01 at $1.66.
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