33 days ago • Posted by Martin Boujol
Organigram stock surges nearly 45% in pre-market
The share price of the Canadian cannabis company Organigram climbed almost 45% in pre-market trading today, as a subsidiary ofBritish American Tobacco announced it will take a 19.9% stake in the company. The deal is worth approximately $221 million, for a total of 58.3 million shares at a price of $3.78. The cannabis company said it would help it strengthen its balance sheet and get ready for a global legalization in the United States.
Source: Yahoo! Finance