Organigram Holdings Acquires Motif Labs Ltd.
December 6, 2024
Organigram Holdings Inc. acquired 100% of Motif Labs Ltd. for $90 million upfront consideration (C$50M cash and C$40M in Organigram common shares) plus up to C$10M contingent share consideration. The acquisition gives Organigram #1 market share in the Canadian recreational cannabis market, adds Motif's extraction and high‑volume vape/IPR manufacturing capabilities and a Southwestern Ontario distribution hub, and is expected to deliver >C$10M of cost synergies over ~24 months.
- Buyers
- Organigram Holdings Inc.
- Targets
- Motif Labs Ltd.
- Sellers
- Motif Labs Ltd. shareholders
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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