** U.S.-listed shares of Canadian cannabis company OrganiGram Holdings OGI.O rise 3.7% to $1.11 premarket
** Company announces official rebrand to Organigram Global Inc, to reflect its global credentials
** OGI discloses strategic investment in pot firm Sanity Group, which holds roughly 7% market share in Germany
** "EU-GMP certification is expected to be completed in the upcoming months" - OGI
** Company expects to increase shipments of indoor-grown cannabis to Australia, Germany and the United Kingdom in the coming years
** Subject to TSX approval, OGI's common shares will begin trading on the TSX and NASDAQ under the new name on or about March 31
** Trading symbol will remain "OGI"
** Up till last close, stock down 33.5% YTD
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.