Cannabis producer Organigram to raise $35 million through market equity sales

Canada-based marijuana producer Organigram Holdings Inc. said Wednesday that it was raising up to C$49 million ($34.5 million) by selling shares in small batches at market prices. U.S.-traded shares of Organigram fell 1.9% in early afternoon trading. The exact amount and timing of the equity sales, known as an at-the-market program, is up to Organigram executives and will be effective until close to the end of 2021.

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