Organigram Announces Achievement of Earnout by The Edibles and Infusions Corporation – Medical Marijuana Program Connection

TORONTO–(BUSINESS WIRE)–Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), (the “Company” or “Organigram”), a leading licensed producer of cannabis, announced today that its wholly-owned subsidiary, The Edibles and Infusions Corporation (“EIC”) has met certain of the remaining earnout milestones that formed part of the terms of its acquisition in April, 2021. Organigram acquired EIC in April 2021 for consideration of $22 million plus up to an additional $13 million in share consideration base

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