Highlights
- Agreement confirms Organigram's position as a leading
national provider for the adult recreational market
- Brands selected by Province of Ontario include premium Edison Reserve
offering
MONCTON, NB, Aug. 21, 2018 /CNW/ - Organigram Holdings
Inc. (TSX VENTURE:OGI) (OTCQB:OGRMF), the parent company of
Organigram Inc. (the "Company" or "Organigram"), a leading licensed
producer of medical marijuana, is pleased to announce that it has
been approved as a supplier of cannabis for the province of
Ontario.
Under the terms of the agreement with Ontario Cannabis Retail
Corporation (OCRC), Organigram will provide the Province with 27
SKUs of products including dried flower, pre-rolled product,
cannabis oils and the premium offering of the Edison Reserve
brand.
"We are proud to have the confidence of the OCRC and the
opportunity to offer Ontarians a range of exceptional quality
cannabis products," says Tim Emberg,
Organigram Vice President of Sales and Commercial Operations. "All
of our products are developed with an outstanding customer
experience in mind. We are excited to work with provincial
regulators across the country, now including the Province of
Ontario, to offer that experience
to as many Canadians as possible."
Organigram from east to west
Organigram has solidified its position as a national player for
the adult recreational market with agreements across the
country. In addition to the agreement with Ontario, Canada's largest cannabis market,
Organigram has final supply agreements/memorandums of understanding
with the provinces of New
Brunswick, Prince Edward
Island, Manitoba and
Alberta. Work continues in other
priority markets, and announcements will be made in line with
appropriate timelines.
"As a company, we have worked hard to establish strong working
relationships across the country that support the successful launch
– and long-term success – of the adult use recreational market in
Canada. Our arrangement with OCS
represents the culmination of our collective efforts to date," says
Greg Engel, Organigram CEO.
"Our agreement with the Province Ontario is an important
strategic milestone with significant impact for Organigram, but it
also further galvanizes our ability to share our tremendous product
experience and expertise with an even broader customer base."
For more information, visit www.Organigram.ca
About Organigram Holdings Inc.
Organigram Holdings Inc. is a TSX Venture Exchange 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. In anticipation of the legal adult use recreational
cannabis in Canada, Organigram has
developed a portfolio of brands including The Edison Cannabis
Company, Ankr Organics and Trailer Park Buds. Organigram's primary
facility is located in Moncton, New
Brunswick and the Company is regulated by the Access to
Cannabis for Medical Purposes Regulations ("ACMPR").
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release contains forward-looking information which
involves known and unknown risks, uncertainties and other factors
that may cause actual events to differ materially from current
expectations. Important factors - including the availability of
funds, consummation of definitive documentation, the results of
financing efforts, crop yields - that could cause actual results to
differ materially from the Company's expectations are disclosed in
the Company's documents filed from time to time on SEDAR (see
www.sedar.com). Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the
date of this press release. The Company disclaims any intention or
obligation, except to the extent required by law, to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE OrganiGram