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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 | Canada 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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