OrganiGram purchasing Motif Labs to become Canada's largest cannabis company by market share, as others retreat
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OrganiGram is acquiring Motif Labs for up to C$100 million, aiming to become Canada's largest cannabis company by market share. This move comes as other companies in the sector are retreating.
December 06, 2024 | 4:00 pm
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OrganiGram is acquiring Motif Labs for up to C$100 million, aiming to become Canada's largest cannabis company by market share. This strategic acquisition could enhance OrganiGram's market position and product offerings.
The acquisition of Motif Labs by OrganiGram is a significant strategic move to increase its market share in the cannabis industry. This could lead to positive investor sentiment and a potential increase in stock price due to the expanded product offerings and market position.
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