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April 22, 2020, 1:07 p.m. EDT

Cannabis producer Organigram to raise $35 million through market equity sales

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By Max A. Cherney

OGI

Canada-based marijuana producer Organigram Holdings Inc. /zigman2/quotes/209289540/composite OGI +1.50% said Wednesday that it was raising up to C$49 million ($34.5 million) by selling shares in small batches at market prices. U.S.-traded shares of Organigram fell 1.9% in early afternoon trading. The exact amount and timing of the equity sales, known as an at-the-market program, is up to Organigram executives and will be effective until close to the end of 2021.

/zigman2/quotes/209289540/composite
US : U.S.: Nasdaq
$ 1.35
+0.02 +1.50%
Volume: 2.34M
Aug. 12, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$258.86 million
Rev. per Employee
$49,972
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