OrganiGram (OGI) said Tuesday it acquired Collective Project Limited for upfront consideration of about CA$6.2 million ($4.3 million) in cash on a debt-free basis.
The acquisition includes potential milestone and earnout payments totaling CA$24 million, the Canadian cannabis company said.
With the acquisition, OrganiGram said it gains a footprint in the
hemp-derived THC beverage category in the US and the Canadian cannabis beverage category.
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