Agreement brings up to 1,000kg of Organigram's
premium indoor-grown cannabis products to Tokyo Smoke, Hiku's
licensed chain of cannabis stores in Manitoba
MONCTON, NB, July 10, 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
entered into a letter of intent ("LOI") with Hiku Brands
Company Ltd. (CSE: HIKU) ("Hiku").
As an approved supplier to Manitoba Liquor & Lotteries
("MBLL"), Organigram will supply Hiku with up to 1,000 kg of
premium cannabis products per year for the term of the three-year
agreement. Products include both dried cannabis and cannabis oils,
which will be sold through designated Tokyo Smoke retail locations
in Manitoba.
"Organigram and Hiku share a deep commitment to exceptional
quality and innovative products," says Greg
Engel, CEO, Organigram. "As we move towards a legal, adult
recreational use cannabis market, we are proud to be affiliated
with companies and brands with a clear and demonstrated focus on
their customers and a first-class customer experience."
The relationship is based on several discussions between the
groups on product portfolio, strategic direction, quality and
branding. A selection of brands, featuring Organigram's 2017
Canadian Cannabis Award-winning sativa Wabanaki, will be chosen to
play a role in Tokyo Smoke's retail plans within the Manitoba market.
"Hiku is excited to have the opportunity to carry Organigram's
products in Tokyo Smoke stores," said Alan
Gertner, CEO of Hiku Brands. "This agreement will help
ensure additional quality indoor-grown cannabis is available to the
adult-use consumer in the province of Manitoba, where Tokyo Smoke was awarded one of
only four conditional master licenses for recreational store fronts
allowing us to open multiple store fronts across the province"
For more information, visit www.Organigram.ca
About Hiku Brands Company Ltd.
Hiku is focused on building a portfolio of iconic, engaging
cannabis brands, unsurpassed retail experiences and handcrafted
cannabis production. With a national retail footprint led by Tokyo
Smoke, craft cannabis production through DOJA's ACMPR licensed
grow, and Van der Pop's
female-focused educational platforms, Hiku houses an
industry-leading portfolio that sets the bar for cannabis brands in
Canada.
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 medical marijuana in Canada. Organigram is focused on producing the
highest-quality, condition-specific medical marijuana for patients
in Canada. Organigram's 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