5 Best Tobacco and Cigarette Stocks to Invest In

4. Organigram Global Inc. (NASDAQ:OGI)

Organigram Global Inc. (NASDAQ:OGI) is one of the 10 best tobacco and cigarette stocks to invest in.

On April 15, Organigram Global Inc. (NASDAQ:OGI) finalized the acquisition of Sanity Group, following an SPA signed back in February. The company acquired all outstanding shares of Sanity for a total consideration of around EUR 107.3 million. This includes upfront cash payment amounting to EUR 78 million, and the remaining EUR 29.3 million in shares. This deal bolsters the company’s future prospects, making it a lucrative investment option within the cannabis segment.

A chunk of this upfront cash payment was financed through the company’s Jupiter strategic investment pool, which was established back in 2024 to finance the company’s international growth plans. The pool received funding from British American Tobacco PLC, which reflects institutional confidence in the company’s ambitions for international expansion. This could prove to be a crucial factor that draws investor interest in Organigram Global Inc. (NASDAQ:OGI).

In relation to this transaction, Organigram Global Inc. (NASDAQ:OGI) also concluded its senior secured credit facilities amounting to around C$60 million. Moreover, it also closed its private placement arrangement with BT DE Investments, which resulted in gross proceeds of more than EUR 40 million.

Organigram Global Inc. (NASDAQ:OGI) is a producer of cannabis and related products. It sells various medical cannabis products across Canada, which include whole flower, milled flower, infused pre-rolls, gummies, and more. The company also offers recreational cannabis products for adults and is engaged in the wholesale of cannabis plants to authorized manufacturers.