Organigram Makes Strides In Global Cannabis Industry With New Supply Partnership
Portfolio Pulse from Jelena Martinovic
Organigram Holdings Inc. (NASDAQ:OGI) has entered into a supply agreement with 4C LABS to provide dried medical cannabis flower for the UK market. The company expects to supply approximately 600 kilograms of product within the first year of the agreement. Organigram's shares traded 1.4706% lower at $1.34 per share on Tuesday morning.
August 15, 2023 | 7:08 pm
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Organigram's new supply agreement with 4C LABS could potentially increase its revenues and global footprint. However, the company's shares traded lower.
The new supply agreement with 4C LABS could potentially increase Organigram's revenues and expand its global footprint. However, the immediate market reaction was negative, with shares trading lower. This could be due to a variety of factors, including market sentiment or other news affecting the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100