Organigram Holdings (TSX.V: OGI) (NASDAQ: OGI), parent
company of Organigram Inc., a leading licensed producer of cannabis, recently
obtained approval from Health Canada for the licensing of all of the company’s
Phase 4A buildout plans, increasing its total licensed production capacity to
61,000 kg. per year (http://ibn.fm/jGAdq).
An article discussing the company reads, “Once fully licensed and operational,
the full Phase 4 expansion is expected to bring the company’s annualized target
production capacity to approximately 113,000 kg. of dried-flower equivalents. .
. . ‘Organigram’s continued expansion reflects ongoing growth in the cannabis
marketplace, including increasing demand as new retail stores come online in
Alberta, Ontario, Quebec and British Columbia,’ CEO Greg Engel said in a news
release. ‘The expansion of our facility and production capacity will help
ensure we have additional product for extraction for the launch of the edibles
and derivatives market before the end of 2019.’”
To view the full article, visit http://ibn.fm/hg8qa
About Organigram Holdings Inc.
Organigram Holdings is a TSX Venture Exchange- and NASDAQ
Global Select-listed company whose wholly owned subsidiary, Organigram Inc., is
a licensed producer of cannabis and cannabis-derived products in Canada.
Organigram is focused on producing the highest-quality, indoor-grown cannabis
for patients and adult-recreational consumers in Canada, as well as developing
international business partnerships to extend the company’s global footprint.
Organigram has also developed a portfolio of legal adult-use recreational
cannabis brands including the Edison Cannabis Company, Ankr Organics, Trailer
Park Buds and Trailblazer. Organigram’s primary facility is located in Moncton,
New Brunswick, and the company is regulated by the Cannabis Act and the
Cannabis Regulations (Canada). For more information, visit the company’s
website at www.Organigram.ca.
NOTE TO INVESTORS: The latest news and updates
relating to OGI are available in the company’s newsroom at http://ibn.fm/OGRMF
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