OrganiGram Holdings (TSE:OGI) has released an update.
Organigram Holdings Inc. has solidified its foothold in the European market by investing €14 million into Sanity Group, a top player in the German cannabis industry, including an unsecured convertible note and a minority equity stake. The strategic move, which also includes a revised supply agreement for increased dried flower volumes, aims to leverage Organigram’s brand and intellectual property in Germany’s burgeoning market, while also anticipating a competitive edge in medical cannabis distribution. Organigram will further cement its influence by appointing a representative to Sanity Group’s Board of Directors.
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