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News analysis

BAT banks on growing Canadian cannabis company with $90m boost

Written by || 10th November 2023 || News analysis | Major brands | Marketing and retailing | GeographiesCanada North America

A British American Tobacco (BAT) subsidiary is investing a further CAD124.6m (USD90.2m) in its strategic partnership with Canadian licensed cannabis producer Organigram.

The investment will be through 38.7m shares to be issued over three tranches. BAT will also increase its equity position from around 19% to 45%.

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Antonia Di Lorenzo

Newsdesk editor/EU lead reporter
Antonia is a member of the editorial team and holds a masters degree in Law from the University of Naples Federico II, Italy. She moved in 2013 to London, where she completed a postgraduate course at the London School of Journalism. In the UK, she worked as a news reporter for a financial newswire and a magazine before moving to Barcelona in 2019.

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