- Company recently signed letter of intent with the Société québécoise du cannabis
- Its production capacity is expected to increase by 170,000 lbs. through phase four
- Organigram’s growth plans expand beyond Canada and into the global cannabis market
Organigram Holdings Inc. (TSX.V: OGI) (OTCQX: OGRMF), a licensed producer of cannabis and cannabis-derived products in Canada, recently announced that it has signed a letter of intent with the Société québécoise du cannabis (“SQDC”) (http://cnw.fm/0vXo6). OGRMF’s wholly owned subsidiary, Organigram Inc., is focused on producing the highest quality, indoor-grown cannabis for recreational and condition-specific medical use. The new agreement with SQDC makes the company one of only three licensed producers in Canada to have secured distribution agreements in all 10 Canadian provinces.
Organigram believes in investing in the continuous growth of clients, employees and the community. Based in the heart of Atlantic Canada, the company is strongly committed to improving the quality of life of Canadians by effectively providing quality products, creating jobs, being a good neighbor and contributing to the community.
Organigram began in 2013 as a medical cannabis company with 100 percent organic production in prefabricated grow pods. In September 2017, Organigram signed the first recreational cannabis supply agreement in Canada with the Province of New Brunswick. As of February 2019, the company has distribution agreements in all 10 Canadian provinces. When the Canadian adult recreational cannabis market legalized on October 17, 2018, Organigram was ready with a portfolio of recreational product lines.
Currently in the third phase, the production capacity of OGRMF’s state-of-the-art facility is at 36,000 kg (79,000 lbs.) per year. The fourth phase is already underway and will bring the facility’s production capacity to 113,000 kg (249,000 lbs.) by fall 2019. The company boasts the lowest cost of cultivation among Canadian licensed producers, driven by industry-leading yields.
Now that it has secured all 10 provinces, OGRMF’s eyes are no longer solely on Canada. The company is working on international business partnerships and has developed a portfolio of legal adult-use recreational cannabis brands that includes the Edison Cannabis Company, Ankr Organics, Trailer Park Buds and Trailblazer. Organigram has already begun exporting products from Canada and is anticipating a promising future.
For more information, visit the company’s website at www.Organigram.ca
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