OrganiGram Holdings settles C$7.53 million private placement of stock

Proceeds used for facilities development, marketing, working capital

By Devika Patel

Knoxville, Tenn., Aug. 25 – OrganiGram Holdings Inc. said it completed a C$7.53 million private placement of stock. Jordan Capital Markets Inc. and Jacob Securities Inc. conducted C$4.3 million of the sale on a commercially reasonable-efforts basis, and the remaining C$3.24 million was raised on a non-brokered basis.

The company sold 8,863,449 common shares at C$0.85 per share.

Proceeds will be used for facilities development, marketing and working capital.

Formerly Inform Exploration Corp., OrganiGram is based in Vancouver, B.C., and produces medical marijuana.

Issuer:	OrganiGram Holdings Inc.
Issue:	Common shares
Amount:	C$7,533,932
Shares:	8,863,449
Price:	C$0.85
Warrants:	No
Agent:	Jordan Capital Markets Inc. and Jacob Securities Inc. (for C$4,299,446), non-brokered (for C$3,234,486)
Pricing date:	Aug. 25
Stock symbol:	TSX Venture: OGI

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