OrganiGram amends Sanity Group deal, sets fixed earn-out at EUR 95.93 million

OrganiGram Global entered a second amendment to its share purchase agreement for Sanity Group, replacing a variable earn-out with a fixed one.

• Earn-out set at EUR 102 million minus EUR 2.56 million and EUR 3.51 million adjustments, implying about EUR 95.93 million.
• Payment scheduled as soon as practicable after March 31, 2027, no later than May 1, 2027, in cash or Parent shares.
• Purchaser can elect to settle the independent group’s earn-out share portion entirely in cash; one seller’s portion settles only in Parent shares.
• Closing triggers a board appointment of Max Konrad Narr at OrganiGram Global, with service through the earn-out period.