Organigram closes second tranche of previously announced BAT Private Placement Investment Page 1

Organization Chart Holdings Inc. (NASDAQ: OGI) (TSX: OGI), (the “Company” or “Organization chart”), a leading licensed cannabis producer, today announced that the Company closed the second of three tranches (the “Second tranche”) of the previously announced strategic follow-on investment of C$124,559,674 (the “Investment“) by BT DE Investments Inc. (the “Investor”), a wholly owned subsidiary of British American Tobacco plc (“BAT”). Pursuant to the closing of the second tranche, the investor acquired 4,429,740 ordinary shares (the ““Common shares”) and 8,463,435 preference shares class A (the “Preference shares” and together with the common shares, the “Shares”) of the Company at a price of C$3.2203 per share (the “Price per share”) for gross proceeds of USD$30,821,684.69 (equivalent to C$41,519,891)¹The remaining 12,893,175 shares subscribed for are expected to be issued at the price per share in the last tranche on or about February 28, 2025 (the “Third tranche“).

“With two tranches of the Jupiter pool now funded, combined with our strong balance sheet and focused investment strategy, Organigram is well on track to execute on its ambitious growth plan, focused on international, technology and product expansion,” said Paolo De Luca, Chief Strategy Officer of Organigram. “Our first Jupiter investment in Open Book Extracts marked our second investment in the U.S. market and our first international investment in Sanity Group represents an important first step in our ambitions to expand our footprint in the fast-growing German market,” he concluded.

Update on the strategic investment pool “Jupiter”

As previously announced, the majority of the investment will be used by Organigram to fund a strategic investment pool called “Jupiter” (the “Jupiter pool”). The Jupiter Pool is designed to accelerate Organigram’s international growth ambitions and will focus on investments both overseas and in the United States, with strict regulatory compliance processes. Following the closing of the first tranche on January 23, 2024 (the “First tranche closure”) the company has already made two significant investments from the Jupiter Pool.

The initial investment of $2 million was made in Open Book Extracts (“OBX”), a North Carolina-based company that is a leading ingredient supplier, product formulator and manufacturer of hemp extracts and products. OBX has a scalable platform, differentiated products, formulation expertise, excellent access to the US market and a leading position in the fast-growing hemp derivatives category.

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