British American Tobacco will buy stake in cannabis company

The tobacco company British American Tobacco (BAT) has announced that it intends to buy a 20% stake in OrganiGram, a Canadian cannabis producer. The stake will cost around £126 million and will reportedly give BAT access to OrganiGram’s research and development systems as well as their expertise on cannabis production.

Source: https://www.theguardian.com/business/2021/mar/11/bat-buys-pounds-126m-stake-canadian-cannabis-firm-organigram-tobacco