Organigram Holdings (NASDAQ: OGI) (TSX: OGI), the parent
company of Organigram Inc. (the “company” or “Organigram”), a leading licensed
producer of cannabis, today announced the company’s receipt of Health Canada’s
approval for the licensing of 16 additional cultivation rooms under the
Cannabis Regulations. According to the update, the expanded license was
effective as of December 12, 2019, and the new cultivation rooms represent
approximately 13,000 kg/yr1 of increased target cultivation capacity. “This is
a dynamic time for Organigram and the industry as a whole. Cannabis 2.0 – the
legalization of adult use recreational cannabis edibles, vape products,
extracts and topicals – is a new era for cannabis here at home and around the
world,” Organigram CEO Greg Engel said in the news release. “Our physical
expansion reflects our ambitious response to this new opportunity as well as
our ongoing commitment to anticipating and meeting the demands of Canadian
cannabis consumers for new and innovative cannabis experiences.”
To view the full press release, visit http://ibn.fm/PE1mj
About Organigram Holdings Inc.
Organigram Holdings Inc. is a NASDAQ Global Select and TSX
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 high-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 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.
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