MONCTON, NB, June 20, 2019 /CNW/ - Organigram Holdings
Inc. (TSXV: OGI) (NASDAQ: OGI), the parent company of Organigram
Inc. (the "Company" or "Organigram"), a leading licensed producer
of cannabis, is pleased to announce that it has now shipped its
first cannabis products to the province of Quebec, following purchase orders placed with
the Société québécoise du cannabis (SQDC) and following
registration with the Autorité des Marchés Publics.
A true national player in Canada's legal adult use recreational cannabis
marketplace, the Company has now distributed products for sale to
all ten Canadian provinces.
"We are pleased to now officially ship our products coast to
coast," says Greg Engel, CEO,
Organigram. "Our national reach means brands such as Edison
Cannabis Co. and Trailblazer are available across the country,
offering a range of cannabis options for legal adult recreational
cannabis consumers."
Organigram's currently available product portfolio includes
value, mainstream and premium product offerings across the
categories of dried flower, pre-rolls, and oils.
"Product innovation continues to drive our growth strategy and
our ongoing expansion," explains Engel. "As we look ahead to the
legalization of edibles and extracts, we are excited to have the
national network in place to offer Canadians access to new thinking
and new products as they explore Cannabis 2.0, and a new cannabis
experience."
As this initial shipment was made subsequent to the Company's
third quarter ended May 31, 2019,
this shipment, together with additional shipments expected to be
made to Quebec in the current
quarter, will be reflected in the Company's results for the fourth
quarter ending August 31, 2019.
About Organigram Holdings Inc.
Organigram Holdings Inc. is a NASDAQ Global Select and 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 high-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. Often,
but not always, forward-looking information can be identified by
the use of words such as "plans", "expects", "estimates",
"intends", "anticipates", "believes" or variations of such words
and phrases or state that certain actions, events, or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved. Forward-looking information involves known and unknown
risks, uncertainties and other factors that may cause actual
results, events, performance or achievements of Organigram to
differ materially from current expectations or future results,
performance or achievements expressed or implied by the
forward-looking information contained in this news release.
Examples of such statements include statements with respect to
plans to offer certain products to various provinces. Risks,
uncertainties and other factors involved with forward-looking
information could cause actual events, results, performance,
prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information, including
acceptance of any particular derivative product by any or all
provinces and risks as disclosed in the Company's most recent
annual information form and other Company's documents filed from
time to time on SEDAR (see www.sedar.com) and EDGAR. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
Although the Company believes that the assumptions and factors used
in preparing the forward-looking information in this news release
are reasonable, undue reliance should not be placed on such
information and no assurance can be given that such events will
occur in the disclosed time frames or at all. The forward-looking
information included in this news release are made as of the date
of this news release and the Company disclaims any intention or
obligation, except to the extent required by law, to update or
revise any forward-looking information, whether as a result
of new information, future events or otherwise. We seek safe
harbor.
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SOURCE OrganiGram