Organigram and bat form product development collaboration – includes strategic investment from bat for 19.9% equity interest

Moncton, new brunswick--(business wire)---- $ogi--organigram holdings inc. (“ogi”, tsx: ogi and nasdaq: ogi) is pleased to announce a c$221 million strategic investment from a wholly-owned subsidiary of bat (lse:bats and nyse:bti). the bat subsidiary has subscribed for approximately 58.3 million common shares of ogi, which represents a 19.9% equity interest1 on a post-transaction basis for total proceeds of approximately c$221 million (“investment proceeds”) at a price per share of c$3.792, based on a f
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