Organigram Closes Previously Announced Acquisition of Sanity Group, Private Placement Financing with BAT and ATB Senior Secured Credit Facilities

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Organigram Closes Previously Announced Acquisition of Sanity Group, Private Placement Financing with BAT and ATB Senior Secured Credit Facilities .bwalignc { text-align: center; list-style-position: inside } Organigram Global Inc. (NASDAQ: OGI) (TSX: OGI), (the “ Company ” or “ Organigram ”) and Sanity Group GmbH (“ Sanity ” or “ Sanity Group ”) jointly announced the successful closing of Organigram’s previously announced acquisition (the “ Acquisition ”) of Sanity Group, pursuant to the terms of a share purchase agreement dated February 18, 2026 (the “ Share Purchase Agreement ”). In connection with closing of the Acquisition, a wholly owned subsidiary of the Company acquired all of the issued and outstanding shares of Sanity Group not already owned by the Company for an upfront purchase price paid on closing of €107.3 million, consisting of €78.0 million in cash and €29.3 million in share consideration (the “ Upfront Consideration ”). In connection with the closing of the Acquisition, the Company also closed its previously announced private placement financing (the “ Private Placement ”) with BT DE Investments Inc. (“ BAT ”), a wholly owned subsidiary of British American Tobacco p.l.c. 1 , for total gross proceeds of €40.3 million (equal to C$65.2 million) 2 , and its previously announced senior secured credit facilities (the “ Loan Facilities ”) of up to C$60 million. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260414924202/en/ The Company is also pleased to announce that, in connection with the closing of the Acquisition, Mr. Max Konrad Narr has been appointed to the Company’s board of directors for the duration of the Earnout Period (as defined below). A portion of the cash component of the Upfront Consideration payable in connection with the Acquisition was funded using an amount drawn from Organigram’s Jupiter strategic investment pool (the “ Jupiter Pool ”), a capital pool established in 2024 with funding from BAT to support international growth initiatives. The use of such funds in connection with the Acquisition represents the final deployment of the Jupiter Pool. About Sanity Group...

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