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Organigram Announces C$124.6 Million Investment From British American Tobacco (BAT) Company

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November 7, 2023

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Reference ID IP Address Date and Time c1934bec0e84becc63a16a4ec31dd927 3.224.166.5 11/07/2023 05:24 PM UTC Toronto-based Organigram Holdings Inc. announces a C$124.6 million follow-on strategic equity investment from BT DE Investments Inc., a wholly-owned subsidiary of British American Tobacco p.l.c. (BAT), a leading, multi-category consumer goods business. Read More

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Daily News Hits

Medical marijuana dispensary opens in Riverside
by Sydney Dawes on November 30, 2023
A second medical marijuana dispensary has opened in Riverside, coming just days before Ohio’s recreational marijuana law is set to come into effect.
Northbridge woman arraigned in hit-and-run crash that killed N.H. innkeeper
by Craig S. Semon on November 30, 2023
Scott M. Reed died in May, more than 10 months after the crash in Uxbridge.
Marijuana sales approved for Stuyvesant Plaza shop
by H. Rose Schneider on November 30, 2023
A medical marijuana shop has received approval to sell recreational marijuana at its...
Weed dispensary plans new downtown San Jose store in expansion move
by George Avalos on November 30, 2023
A successful weed dispensary plans to open a store at a high-profile downtown San Jose location.
Vibe Reports Third Quarter 2023
by MarketScreener on November 30, 2023
Vibe Growth Corporation , a vertically integrated California cannabis enterprise, has released its 2023 third quarter financial results. All financial information is provided in U.S. dollars unless...
Report: 90% of Virginia Med Patients Obtain Weed Outside of State’s Medical Market
by High Times on November 30, 2023
Virginia better start lowering their medical prices.
Stolen Hyundai used in Wallingford pot shop burglary, 2nd time store hit in a week
by KOMO on November 30, 2023
Thieves used a stolen Hyundai to ram their way into a Wallingford dispensary. A store employee said it was the second time the store was targeted in a week.
Top Marijuana Stocks For Cannabis Investing 2024
by InvestorsObserver on November 30, 2023
Top Marijuana Stocks For Cannabis Investing 2024
Assemblyman introduces bill to ban roadside cannabis ads
by HudsonValley360 on November 30, 2023
ALBANY — Assemblyman Scott A. Gray, R-Watertown, has introduced a new bill aimed at eliminating marijuana advertisements along roadsides, an effort he says will help cut down on the number
Union City neighbors angry over planned marijuana dispensary in their backyards
by Brooks Jarosz on November 30, 2023
More than 2,000 signatures have been collected and shared with Union City officials in protest of the proposed Embarc Cannabis store at Cherrywood Center along Decoto Road.
New Ohio House bill seeks to modify marijuana law before it takes effect next week
by Lynna Lai on November 30, 2023
Seaford Officials Bans Recreational Marijuana Sale & Growth
by WBOC TV on November 30, 2023
The Seaford City Council voted to ban marijuana the growth, sale, and testing of recreational marijuana in the city's commercial and highway districts. The decision was in an effort to
BPD arrests 1 during search of White Lane pot shop
by The Bakersfield Californian on November 29, 2023
Officers and detectives serving a search warrant Monday at a marijuana dispensary in the 7400 block of White Lane seized various items for sale and arrested an employee, according to
Marijuana, edibles, gun seized from illegal dispensary: BPD
by Jason Kotowski on November 29, 2023
BAKERSFIELD, Calif. (KGET) — Police made an arrest at an illegally-operating dispensary this week in southwest Bakersfield and seized items including nearly 3 pounds of marijuana, 146 THC-inf…
Pricey Virginia medical marijuana driving patients to illicit market, study shows
by Chris Roberts on November 29, 2023
Sticker shock at medical marijuana dispensaries in Virginia is spurring patients to seek cheaper alternatives, according to a recent study.
Cal State East Bay unveils new Cannabis program
by San Francisco Examiner on November 29, 2023
The 6-month program offers courses in cannabis health care, agriculture, and business.
Higher Ed: Bay Area college offers cannabis courses
by San Francisco Examiner on November 29, 2023
The six-month program offers courses in cannabis health care, agriculture, and business.
9 runner-up strains to Leafly Strain of the Year 2023
by Leafly on November 29, 2023
These strains ran in the front of the pack for Leafly Strain of the Year 2023. They’re all tasty and a must-buy, so go get them.
Eastgate Mall sold to Hull Property Group for more than $11 million ahead of redevelopment
by Abby Miller on November 29, 2023
Eastgate Mall's new owner believes it overpaid for the property, and property records now show what the real estate development company paid.
Recreational marijuana sales may go to ballot in Kinderhook Twp.
by Don Reid on November 29, 2023
An October letter taken as a threat to file a petition to allow marijuana sales in Kinderhook Township brought a reaction from Township Supervisor Wayne Barnes. "Bring it on," he said.

Vibe Growth Net Loss Inches Upward as Revenue Shrinks in Q3
by Adam Jackson on November 30, 2023 at 7:19 pm
The company said it will continue to implement cost-cutting measures. The post Vibe Growth Net Loss Inches Upward as Revenue Shrinks in Q3 appeared first on Green Market Report.
Adastra Revenue Keeps Climbing, Losses Trend Down in Q3
by John Schroyer on November 30, 2023 at 6:46 pm
Canadian extracts processor Adastra Holdings Ltd. (CSE: XTRX) (FRA: D2EP) posted a solid year-over-year revenue increase for the third quarter this year, with gross revenue up to C$8.1 million from C$5.4 million. Net revenue, which excludes excise taxes collected, was C$4.4 million, up 14% year-over-year. While the company still posted a loss of C$642,191, that’s The post Adastra Revenue Keeps Climbing, Losses Trend Down in Q3 appeared first on Green Market Report.
Simply Better Brands Revenue Grows 45% in Q3, Losses Trimmed
by Debra Borchardt on November 30, 2023 at 6:31 pm
PureKana and TRUBAR were the primary drivers of the sales growth. The post Simply Better Brands Revenue Grows 45% in Q3, Losses Trimmed appeared first on Green Market Report.
MTL Cannabis Q2 Revenue Soars Post-Merger
by Adam Jackson on November 30, 2023 at 5:30 pm
The company is seeing green, thanks to the recent consolidation. The post MTL Cannabis Q2 Revenue Soars Post-Merger appeared first on Green Market Report.
StateHouse Looks for New Revenue Streams, Efficiencies as California Struggles
by John Schroyer on November 30, 2023 at 5:11 pm
The company highlighted strong growth in its loyalty program. The post StateHouse Looks for New Revenue Streams, Efficiencies as California Struggles appeared first on Green Market Report.
Braxia Scientific Low on Cash and Looking for a Deal
by Debra Borchardt on November 30, 2023 at 4:51 pm
The company is reviewing strategic alternatives including selling the company. The post Braxia Scientific Low on Cash and Looking for a Deal appeared first on Green Market Report.
Numinus Posts Revenue Surge for Fiscal 2023
by Adam Jackson on November 30, 2023 at 3:57 pm
The firm linked tighter margins to aggressive investment in full-time practitioners. The post Numinus Posts Revenue Surge for Fiscal 2023 appeared first on Green Market Report.
Scenes from MJBiz Con in Las Vegas
by Debra Borchardt on November 30, 2023 at 3:09 pm
The MJBiz conference seemed as busy as ever this year as thousands gathered after the Thanksgiving holidays to talk shop. The trade show floor was organized by sector with retail in one section and cultivation in another. The floor did seem a bit smaller than last year, but the attendance looked strong. If you weren’t The post Scenes from MJBiz Con in Las Vegas appeared first on Green Market Report.
Report: 90% of Virginia Med Patients Obtain Weed Outside of State’s Medical Market
by Keegan Williams on November 30, 2023 at 11:00 am
Virginia better start lowering their medical prices. The post Report: 90% of Virginia Med Patients Obtain Weed Outside of State’s Medical Market appeared first on High Times.
South Carolina Bill Would Tax, Regulate Delta-8 THC
by Benjamin M. Adams on November 30, 2023 at 11:00 am
H. 4628 would impose regulations and a sales tax on hemp-derived delta-8 THC products in South Carolina. The post South Carolina Bill Would Tax, Regulate Delta-8 THC appeared first on High Times.
New Hampshire Cannabis Commission Fails To Reach Agreement on Legalization Plan
by A.J. Herrington on November 30, 2023 at 11:00 am
A New Hampshire commission designed to develop a cannabis legalization plan held its final meeting this week without adopting any recommendations. The post New Hampshire Cannabis Commission Fails To Reach Agreement on Legalization Plan appeared first on High Times.
Drug Trafficker Turned Informant Offers Up Private Island in Hopes of Leniency
by Patrick Maravelias on November 30, 2023 at 11:00 am
A former drug smuggler and Van Gogh lover who evaded capture for over five years has handed over the deed to his private island off the coast of Dubai to Italian authorities to try and sway them to give him a lighter sentence for his many crimes. The post Drug Trafficker Turned Informant Offers Up Private Island in Hopes of Leniency appeared first on High Times.
Green Wednesday Adult-Use Cannabis Surpassed $9 Million in Sales
by Nicole Potter on November 30, 2023 at 11:00 am
Adult-use cannabis sales on Nov. 22 increased compared to sales data from 2022 but medical cannabis sales declined. The post Green Wednesday Adult-Use Cannabis Surpassed $9 Million in Sales appeared first on High Times.
Maryland Supreme Court Declines to Hear Case on Hemp-Derived THC Sales, Keeping Products on Store Shelves
on November 30, 2023 at 10:45 am
The state’s highest court will not review the Washington County Circuit Court’s order blocking a provision in Maryland’s adult-use cannabis law that prohibited some retailers from selling hemp-derived THC products.
RIV Ramps Up for Adult Use as New York Regulators Give Go-Ahead
by Adam Jackson on November 30, 2023 at 5:03 am
The MSO submitted an application in November to transition to adult-use sales. The post RIV Ramps Up for Adult Use as New York Regulators Give Go-Ahead appeared first on Green Market Report.
MJBizCon Full of Optimism
by Debra Borchardt on November 30, 2023 at 5:01 am
Despite persistent headwinds in the industry, cannabis operators remain optimistic about 2024. The post MJBizCon Full of Optimism appeared first on Green Market Report.
New Hampshire Commission Tasked With Studying State-Run Model for Cannabis Sales Completes Work, Offering No Recommendations
on November 29, 2023 at 4:34 pm
Meanwhile, Gov. Chris Sununu has said he would like a limit of 15 stores and a ban on lobbying and political contributions by cannabis licensees.
Resource Innovation Institute’s ‘Dream’ Indoor Cannabis Facility
on November 29, 2023 at 1:00 pm
Ideas and principles when designing an indoor cannabis farm for high-efficiency performance.
California Governor Signs Cannabis Licensing Reform Act Aimed at Helping Small Cannabis Farmers
on November 29, 2023 at 12:17 pm
The legislation, sponsored by Sen. Mike McGuire, allows cultivators to either pause their license fee and maintain an inactive license, or reduce their license size based on crop size.
Ohio Lawmaker Introduces Legislation to Allow Municipalities to Restrict Adult-Use Cannabis
on November 29, 2023 at 11:42 am
Rep. Gary Click’s House Bill 341 would give local governments the authority to ban cannabis use and home grow, as well as impose additional taxes.
‘Grim Reefer’ AZ Weed Recalled Due to Mold Contamination
by Patrick Maravelias on November 29, 2023 at 11:00 am
Batches of cannabis potentially containing dangerous levels of aspergillus mold have been recalled in the state of Arizona - for the tenth such time this year. The post ‘Grim Reefer’ AZ Weed Recalled Due to Mold Contamination appeared first on High Times.
Cartel’s Primary Pot Distributor ‘El Mago’ Shot Dead in Los Angeles
by Benjamin M. Adams on November 29, 2023 at 11:00 am
Eduardo Escobedo, aka “El Mago,” the Sinaloa cartel’s top pot distributor, was found dead at age 39. The post Cartel’s Primary Pot Distributor ‘El Mago’ Shot Dead in Los Angeles appeared first on High Times.
New York Cannabis Regulators Reach Settlement in Lawsuit Blocking Dispensary Openings
by A.J. Herrington on November 29, 2023 at 11:00 am
New York cannabis regulators have reached a settlement in legal action that has delayed the opening of recreational weed dispensaries. The post New York Cannabis Regulators Reach Settlement in Lawsuit Blocking Dispensary Openings appeared first on High Times.
Green Thumb to Open RISE Dispensaries in Tampa and Crystal River on Dec. 1, Expanding its Footprint to 13 Locations in the Sunshine State
on November 29, 2023 at 10:39 am
These store openings bring the company’s retail footprint to 13 in Florida and 89 nationwide.
High Tide to Open New Canna Cabana Store in Winnipeg, Manitoba
on November 29, 2023 at 10:16 am
This opening will mark High Tide's 159th Canna Cabana branded retail cannabis location in Canada, the 11th in Manitoba, and the 6th store in Winnipeg, the capital city of the province.

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Traces of cannabis found in pre-modern human bones for the first time
by Jeremy Hsu on November 30, 2023
A 17th century hospital crypt in Milan, Italy has yielded the first archaeological evidence of cannabis' psychoactive components in human bones
Cannabis Entrepreneur Berner Joins Last Prisoner Project to Free Air Force Veteran
by Business of Cannabis on November 30, 2023
Rapper and Co-founder of pioneering cannabis company Cookies – Berner – is joining forces with cannabis campaign group the Last Prisoner Project to highlight the cannabis incarceration of 10-year Air
Michigan Testing Lab Recognised Under U.S. Hemp Programme
by Business of Cannabis on November 30, 2023
Michigan-based cannabis testing company, Viridis Laboratories, has been recognised by the National Industrial Hemp Council of America. Viridis is now accredited to conduct tests on hemp products in a wide
Cannabinoid-based medicine Epidiolex OK'd for sale in Canada
by Matt Lamers on November 30, 2023
Canada's health regulator OK'd Jazz Pharmaceuticals Canada's cannabinoid-based medicine Epidiolex for certain forms of epilepsy.
SCOTUS considers hemp, marijuana & guns (Newsletter: November 30, 2023)
by Marijuana Moment on November 30, 2023
Challenger clarifies call for Biden to smoke marijuana; Booker on cannabis criminalization; New industry standards org; NY settlement; OR psilocybin Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes Marijuana Moment possible… Free to
WEED Inc Announces Exit from Colorado Cannabis Marketplace with Sale of Sangre Biosciences 4-Acre Campus & Hilltop Headquarters for $3.1 million
by StreetInsider.com on November 30, 2023
TUCSON, AZ / ACCESSWIRE / November 30, 2023 / WEED Inc. (OTCQB:BUDZ), ("WEED" or the "Company") a global cannabis & hemp bioresearch company based in the USA, focused on the development and application of cannabis-derived...
CBD May Help Prevent And Alleviate Alzheimer's Disease, Study Finds
by Dario Sabaghi on November 30, 2023
A new study has found that CBD may have the potential to prevent and alleviate Alzheimer's disease.
Green Wednesday Adult-Use Cannabis Surpassed $9 Million in Sales
by High Times on November 30, 2023
Adult-use cannabis sales on Nov. 22 increased compared to sales data from 2022 but medical cannabis sales declined.

Organigram Announces C$124.6 Million Investment From British American Tobacco (BAT) Company

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