Organigram to acquire Motif Labs for $100m.

Organigram, a licensed producer of cannabis, agreed to acquire Motif Labs, a cannabis brand house, for $100m. “The highly complementary acquisition of Motif establishes Organigram as Canada’s largest cannabis company by market share and accelerates our vision to be a leading cannabis company across all major categories, driven by a relentless focus on the consumer of today and tomorrow. Winning in Canada, the world’s largest federally legal recreational market, supported by leading brands and best-in-class operations, innovation and product development, provides the platform to unlock global opportunities as evolving attitudes towards cannabis drive regulatory changes in new and exciting markets,” Beena Goldenberg, Organigram CEO.