Organigram Acquires Edibles Company To Tap Into Growing Demand
(Image: Evie Fjord on Unsplash) Moncton-based medical and recreational cannabis producer Organigram is looking to strengthen its position in the growing edibles market with its new acquisition. Organigram Holdings Inc., the parent company of Organigram Inc. has announced it has acquired all of the issued and outstanding shares of The Edibles & Infusions Corporation (EIC) for consideration of $22-million, plus up to an additional $13-million in shares payable upon the EIC business achieving certain earnout milestones. The EIC acquisition will broaden Organigram’s edible product offerings and...
Source: 919thebend.ca