Why Is Organigram Stock Soaring Wednesday? - Organigram Global (NASDAQ:OGI)

Organigram Announces Proposed Acquisition of Sanity Group, a Leading German Cannabis Company

TORONTO -- Organigram Global Inc. (NASDAQ: OGI) (TSX: OGI), (the “Company” or “Organigram”), a leading licensed producer of cannabis, is pleased to announce that it has entered into a definitive agreement (the “Purchase Agreement”) to acquire (the “Acquisition”) all the issued and outstanding shares of Sanity Group GmbH (“Sanity” or “Sanity Group”) not currently owned by Organigram.

Why Is Organigram Stock Soaring Wednesday? - Organigram Global (NASDAQ:OGI)

Organigram stock surges after announcing proposed acquisition of Sanity Group, aiming to establish as global pure-play cannabis company.

Organigram Acquires Sanity Group in Landmark €250m Deal

Canadian cannabis producer Organigram Global has announced plans to acquire Germany’s ‘second-largest’ medical cannabis company, Sanity Group, in a deal valuing it at up to €250m, in what is believed to be the largest acquisition of a German cannabis business by a North American operator to date. The deal marks the latest and most significant consolidation event in the booming German market, as North America’s largest cannabis operators accelera…

Organigram Global to Buy Sanity Group

Organigram Announces Proposed Acquisition of Sanity Group, a Leading German Cannabis Company Accretive Acquisition of Sanity Group Establishes Organigram as a Global Pure Play Cannabis Company with Leadership Positions in the World's Two Largest Federally Legal Cannabis Markets Organigram to acquire Sanity Group for up-front consideration of €113.4 million plus a maximum earnout of up [ . . . ]