OrganiGram gains after rebrand, global expansion plans

Organigram Global

26/03/2025 13:03

** 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;))