Organigram Holdings Inc. (“Organigram” or the “Corporation“) (TSX: OGI) (NASDAQ: OGI) announced today that it has a filed a preliminary short form base shelf prospectus (the “Base Shelf Prospectus“) with the securities commissions in each of the provinces and territories of Canada. A corresponding shelf registration statement on Form F-10 (the “Registration Statement“) has been filed with the United States Securities and Exchange Commission but is not yet effective.
The Base Shelf Prospectus, when made final and effective, will allow Organigram to qualify the distribution of up to C$500,000,000 of common shares, preferred shares, debt securities, subscription receipts, warrants, and units during the 25-month period that the Base Shelf Prospectus remains effective. The specific terms of any future offering of securities will be established in a prospectus supplement filed with the applicable Canadian and US regulatory authorities. The Base Shelf Prospectus when final and effective, will provide flexibility for financing options to pursue the Corporation’s objectives.
No offer to buy any securities of the Corporation can be accepted until the Registration Statement has become effective.