Big tobacco makes further forays into cannabis industry with stake close to 20% in US-listed company
British American Tobacco is to buy a stake of close to a 20% in the Canada-based cannabis producer OrganiGram for about £126m as BAT diversifies beyond its main tobacco business.
OrganiGram grows cannabis and makes cannabis-derived products in Canada, where non-medical use of the drug was legalised in 2018.