Just days after announcing a comprehensive rebrand as it shifts its focus to international markets, Organigram Global has acquired Hamilton-based Collective Project Limited (CPL) in a deal worth up to C$24m.
This acquisition, Organigram says, will fast-track its entrance into both the US and the thriving THC-beverages market, already seeing $1bn in retail sales with expectations this will grow to $4m by 2028.
Collective Project beverages are already stocked in major US retailers, including Total Wine and Top Ten Liquors, with availability in ten states expected by year-end.