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Organigram to Acquire Canadian Soft Chew Maker Edibles & Infusions Corporation
Acquisition expands Organigram’s product offerings, provides operational footprint in Western Canada.
Organigram Holdings Inc., the parent company of Organigram Inc., has acquired all of the issued and outstanding shares of The Edibles & Infusions Corporation (EIC) for consideration of $22 million, plus up to an additional $13 million in shares payable upon the EIC business achieving certain earnout milestones.
The EIC acquisition will broaden Organigram’s continuum of product offerings, as well as provide an operational footprint in Western Canada.