MONCTON, NB, May 31, 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 its recreational cannabis plants
and growing processes have been certified organic with Pro-Cert
Organic Systems Ltd. ("Pro-Cert").
Pro-Cert is one of North
America's foremost certification bodies and is accredited by
IOAS to provide third party certification to the Canadian Organic
Standards. As a licensed producer of medical and adult-use
recreational cannabis, Organigram is one of the most experienced
organic producers in the industry. Organigram has worked closely
with Pro-Cert to achieve the certification.
"We know that there is a significant consumer demand for organic
cannabis products," says Greg Engel,
CEO Organigram. "We have been proud to offer our medical customers
access to organic strains and are excited to be able to expand our
offering to adult recreational consumers who value organic
options."
The Pro-Cert certification fortifies Organigram's organic
strategy and product offering, complementing the Company's existing
organic certification with EcoCert, who currently certifies the
organic process for its medical products. The Company has been
successfully producing organic medical cannabis and the option has
proven to be one of the Company's most popular strains for medical
patients.
The Pro-Cert certification also enables the Company to formalize
its plans for the launch of ANKR Organics into the recreational
marketplace, Organigram's line of organic flower and organic edible
extract oils.
"The ANKR brand reflects Organigram's commitment to organic
excellence, a responsiveness to the market and consumer
preferences, and an understanding of the drivers of our future
growth," says Engel. "Organigram's organic offering brings together
the best of what we know about organic cultivation and product
development and adds another high-quality offering to our product
portfolio."
ANKR is expected to launch in select Canadian markets later in
2019.
About Organigram Holdings Inc.
Organigram Holdings Inc. is a TSX Venture Exchange and NASDAQ
Global Select 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. 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 the
edibles market, Organigram's expected market position, consumer
demand for products, timing for launch of product lines and brands.
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 risks associated with new product categories, regulation
and timing for implementation, and such 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). 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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/organigram-receives-organic-certification-for-recreational-cannabis-300859586.html
SOURCE OrganiGram