OrganiGram Acquires Collective Project to Enter US Market

, MT Newswires -  10:27 AM ET 4/1/2025 mergers-and-acquisitions

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10:27 AM EDT, 04/01/2025 (MT Newswires) -- OrganiGram ( OGI ) said Tuesday it acquired Collective Project Limited for upfront consideration of about CA$6.2 million ($4.3 million) in cash on a debt-free basis.

The acquisition includes potential milestone and earnout payments totaling CA$24 million, the Canadian cannabis company said.

With the acquisition, OrganiGram ( OGI ) said it gains a footprint in the

hemp-derived THC beverage category in the US and the Canadian cannabis beverage category.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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