Company signs supply agreement with
Province of British
Columbia
MONCTON, NB, Oct. 26, 2018
/CNW/ - Organigram Holdings Inc. (TSX VENTURE: OGI) (OTCQX: OGRMF),
the parent company of Organigram Inc. (the "Company" or
"Organigram"), a leading licensed producer of cannabis for the
medical and adult-use recreational markets, is pleased to announce
that the Company has signed a supply agreement with the Province of
British Columbia.
In British Columbia (BC),
Organigram has signed an agreement with the BC Liquor Distribution
Branch (BCLDB), the sole, wholesale distributor of non-medical
cannabis for the province that will operate standalone, public
retail stores and provide online sales.
"Organigram's strategic vision has always been to establish a
definitive national footprint," says Greg
Engel, Organigram's Chief Executive Officer. "We are proud
to realize that vision and offer Canadians from coast to coast
access to our growing recreational product portfolio."
To date, the Company has secured cannabis distribution
agreements in eight of ten provinces and is pleased to have the
credentials and capabilities to offer British Columbians safe,
high-quality products from its recreational portfolio of
brands.
"We are excited to work with partners across the country, now
including the Province of British
Columbia to help ensure the success of new adult-use
recreational cannabis markets in each of these regions," says
Tim Emberg, Vice President of Sales
and Commercial Operations, Organigram.
To serve the adult-use recreational cannabis market in
Canada, Organigram has developed a
portfolio of brands including The Edison Cannabis Company, Ankr
Organics, Trailblazer and Trailer Park Buds.
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, Trailblazer, Ankr Organics and Trailer Park Buds.
Organigram's primary facility is located in Moncton, New Brunswick and the Company is
regulated by the Government of Canada.
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, contractual terms, 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