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New Deal


Announced

British American Tobacco to acquire a 19.9% stake in Organigram for $176m.

Financials

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Transaction Value£126m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

cannabis company

Friendly

Acquisition

Minority

Pharmaceuticals

Cross Border

Pending

medical marihuana

Private

Canada

Synopsis

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British American Tobacco, a British multinational company, agreed to acquire a 19.9% stake in Organigram, a medical marijuana company, for $176m. “We have been extremely selective about aligning with a strategic partner and, in BAT, we’ve found a leading consumer goods business with innovative product platforms, an impressive dedication to research and development, deep consumer insights, regulatory expertise and a commitment to responsible stewardship and consumer safety," Greg Engel, Organigram CEO.

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