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BAT strikes a deal with Canadian cannabis firm

Mar 12, 2021 - The Daily Telegraph (London)

BRITISH AMERICAN TOBACCO has bought a 20pc stake in Canadian cannabis producer Organigram in a deal worth roughly £126m as it seeks to expand beyond its primary product.

The maker of Dunhill and Lucky Strike cigarettes said it is seeking to carve out a role "beyond nicotine" in its first foray into the cannabis industry, in a deal that makes it Organigram's largest shareholder.

Under the deal, the two will collaborate on "next generation adult cannabis products, with an initial focu...