Organigram Announced A C$124.6M Follow-on Equity Investment From BT DE Investments, A Wholly-owned Subsidiary Of BAT, And Creation Of Jupiter Strategic Investment Pool
Portfolio Pulse from Benzinga Newsdesk
Organigram has announced a follow-on equity investment of C$124.6M from BT DE Investments, a wholly-owned subsidiary of British American Tobacco (BAT). This has led to the creation of the Jupiter Strategic Investment Pool.
November 06, 2023 | 11:12 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
British American Tobacco's subsidiary, BT DE Investments, has made a significant equity investment in Organigram. This could potentially increase BTI's influence and diversify its portfolio.
The investment in Organigram by BTI's subsidiary could potentially increase BTI's influence in the cannabis industry and diversify its portfolio. This could lead to a positive impact on BTI's stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Organigram has received a substantial equity investment from BT DE Investments, a subsidiary of British American Tobacco. This could potentially strengthen Organigram's financial position and boost its stock.
The significant investment from BT DE Investments could strengthen Organigram's financial position and provide it with additional resources for growth and expansion. This could lead to a positive impact on OGI's stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100