Supply agreement cements Organigram's position
as a national leader
in Canada's recreational cannabis
marketplace
MONCTON, NB, Feb. 26, 2019 /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 is pleased to announce it has signed a letter of intent
with the Société québécoise du cannabis (SQDC).
This agreement solidifies the Company's position as a true
national player in Canada's legal
adult use recreational cannabis marketplace. Organigram now has
distribution in place for all ten Canadian provinces.
Based on currently available public information, this agreement
makes Organigram one of only three licensed producers ("LPs") in
Canada along with Canopy Growth
Corporation (TSX:WEED, NYSE:CGC) and Aphria (TSX: APHA and NYSE:
APHA) to have secured distribution agreements with every
province.
"We are pleased to work with the SQDC and deliver products that
will be needed to meet the demand of its customers," says
Tim Emberg, Senior Vice President of
Sales and Commercial Operations, Organigram.
Quebec is an important part of
Organigram's national strategy. The Company will offer consumers in
the province access to a portfolio of products which will include
mainstream, value and premium flower, along with an assortment of
pre-rolls and oils.
"Organigram's growth strategy has always focused on establishing
a strong national footprint and building our brand presence with
the Edison Cannabis line nationally," says Greg Engel, Organigram's Chief Executive
Officer.
"We are proud to work with our partners across the country to
help ensure Canadians have access to a reliable supply of premium
cannabis products for both medical and adult recreational use. We
look forward to continuing to build on these relationships as we
look ahead to the legalization of cannabis edibles."
The final agreement and first shipping date are subject to
completion of the Autorité des Marchés Publics process.
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. Organigram has also developed a portfolio of legal adult
use recreational cannabis brands including The Edison Cannabis
Company, Ankr Organics, Trailer Park Buds 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).
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 changes impacting
consumer demand, production capacity and competition 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. We seek safe harbor.
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SOURCE OrganiGram