BAT acquires 19.9% stake in Canadian cannabis producer OrganiGram for US$176m

WORLD – Cigarette manufacturer British American Tobacco (BAT), has announced plans to buy a 19.9 percent equity stake in the Canada-based cannabis producer, OrganiGram, for about US$176 million, even as the London based company seeks to diversify beyond its main tobacco business. The deal makes BAT the largest shareholder in OrganiGram, with the ability to appoint two directors to Organigram’s board of directors and representation on its investment committee. Further, as part of the agreement, a Centre of Excellence will be established to focus on developing the next generation of cannabis products…

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BAT Kenya appoints Rita Kavashe as the new and first woman board chairman

KENYA – British American Tobacco Kenya plc (BAT Kenya), part of British American Tobacco, a multinational company that manufactures and sells cigarettes, tobacco and other nicotine products, has appointed Rita Kavashe as the Chair of the Company’s Board. “Rita’s appointment comes at an ideal time, when the Company is accelerating its transformation agenda. BAT’s evolved corporate strategy and purpose – to deliver A Better Tomorrow for our stakeholders – is underpinned by an ambition to reduce the health impacts of our business,” BAT Kenya Managing Director, Mrs. Beverley Spencer-Obatoyinbo. “Our…

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