OrganiGram Holdings Stock (TSXV: OGI) (NASDAQ: OGI) - Investor Dashboard
|Employees:||705 at 07/15/19|
OrganiGram Holdings – Cannabis Facilities
Midas Letter visits the state-of-the-art, purpose-built cannabis growing operation at Organigram Holdings.
- Head office, three-level production facility and R&D located in Moncton, NB
- Two buildings on 14 acres
- 480,000 sq. ft. of production space at full build out
- Fully funded expansion to increase capacity to 113,000 kilograms per year
- Phase 4 expansion to include a state-of-the-art mechanical system and improved irrigation system; Construction expected to be completed by the end of 2019 for total capex of approximately $125M
- Phase 5 expansion to include additional 56,000 square feet set aside for edibles, vaporizable products, and extraction; adding new harvesting, trim, drying, and processing rooms
- Phase 5 construction slated for completion in October 2019; estimated capex of $48M
- Lowest general corporate income tax in Atlantic Canada
Future Expansion of Moncton Campus
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