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OrganiGram Holdings Inc. Receives License to Sell Oil Extracts
MONCTON, NEW BRUNSWICK, Jun 22, 2016 (Marketwired via COMTEX) — MONCTON, NEW BRUNSWICK–(Marketwired – Jun 22, 2016) – OrganiGram Holdings Inc. (OGI)(otcqb:OGRMF) (the “Company”) a provider of cannabis products, is pleased to announce that the company has received an amendment to its license to include both the production and sale of cannabis oil extracts from Health Canada under the Marihuana for Medical Purposes Regulations (Canada) (“MMPR”) at its facility in Moncton, New Brunswick. The license was upgraded from production only and provides OrganiGram with the ability to produce and sell cannabis oil extracts along with our current dried medical cannabis products.
This addition to our suite of products falls in line with our ongoing strategy of improved product diversity, customer satisfaction and production expansion as our industry continues to move forward towards a recreational marketplace.
Denis Arsenault, CEO of OrganiGram
OrganiGram also announces the issuance of 54,674 shares to XIB Consulting Inc. for services performed pursuant to the arrangement previously announced.
We would also like to take this opportunity to announce that Roger Rogers will be stepping down from his position on the Board of Directors of OrganiGram Holdings Inc. effective immediately. We would like to thank Roger for his contribution to the Board and wish him the best of success in his future endeavours.
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 Marihuana for Medical Purposes Regulations.
OrganiGram Holdings Inc.
Director of Investor and Media Relations
Original press release: http://www.marketwired.com/press-release/organigram-holdings-inc-receives-license-to-sell-oil-extracts-tsx-venture-ogi-2136564.htm
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