Organigram Holdings – a Canadian cannabis licensed producer with operations in Moncton, New Brunswick, Lac-Supérior, Quebec, and Winnipeg, Manitoba – acquired Motif Labs for 90 million Canadian dollars ($63.6 million), according to a news release.
Motif Labs, based in Aylmer, Ontario, produces cannabis concentrates, extracts, topicals and vapes.
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The company’s Boxhot line of cannabis vape products is Canada’s No. 1-selling brand in the vape category for 2024, according to Seattle-based cannabis data firm Headset.
Other Motif brands include Boondocks, Debunk, Floe State and Rizzlers.
Organigram paid CA$50 million ($35.3 million) in cash and CA$40 million in Organigram shares to acquire 100% of the issued and outstanding shares of Motif Labs.
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Motif Labs shareholders could
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