OrganiGram Holdings ( (TSE:OGI) ) has provided an update.
Organigram has acquired Collective Project Limited, marking its entry into the U.S. hemp-derived THC beverage market and the Canadian cannabis beverage sector. This strategic acquisition allows Organigram to leverage Collective Arts’ brand strength and infrastructure, positioning itself to capitalize on the growing demand for alternative beverages as consumers shift away from alcohol. The move is expected to enhance Organigram’s market presence and revenue potential in both countries.
More about OrganiGram Holdings
Organigram Global Inc. is a leading Canadian cannabis company known for its market share dominance. The company focuses on producing high-quality cannabis products backed by research and development, aiming to expand its presence in the cannabis and hemp-derived THC beverage markets in both Canada and the U.S.
YTD Price Performance: -39.16%
Average Trading Volume: 886,032
Technical Sentiment Signal: Buy
Current Market Cap: $127.2M
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