Organigram Signs Strategic Supplier Agreement with Hiku Brands
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. 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.
Greg Engel, CEO, Organigram
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. 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.
Alan Gertner, CEO of Hiku Brands
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”).
Get ahead of the crowd by signing up for 420 Investor, the largest & most comprehensive premium subscription service for cannabis traders and investors since 2013.