Organigram on Track to Increase Capacity to 16mm Grams by Year-End

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Organigram Announces Production License Renewal

MONCTON, NEW BRUNSWICK–(Marketwired – March 29, 2017) – Organigram Holdings Inc. (TSXV: OGI) (OTC: OGRMF) (“Organigram” or the “Company”) announces that its wholly-owned subsidiary, Organigram Inc., has received a renewal of its license to produce and sell dried marijuana and cannabis oil pursuant to the Access to Cannabis for Medical Purposes Regulations (“ACMPR”).

This renewal is a standard part of the ACMPR process, and was granted after Health Canada’s recent inspection of Organigram’s facilities and cultivation methodologies. “We approached this latest inspection with more confidence than we have ever had in the past,” stated Organigram CEO Greg Engel. “Considering the process improvements made by the team with the ongoing support and assistance of Health Canada, the level of comfort Canadian medical marijuana patients should have in Organigram is as high as any licensed producer in the Country.” Engel concluded, “The Organigram team allowed no margin of error in this latest inspection.”

The company has taken the concept of “Canada’s Safest Cannabis” as an internal mantra, rolling out several multi-departmental initiatives as a strategy to commit to full transparency and quality control. The first initiative is slotted to begin in the coming weeks, with full Certification of Analysis being posted for clients’ review through Organigram’s client portal. ”

Client confidence and comfort are our only metrics for these initiatives. We’ll continue to challenge ourselves to find new and creative ways to assure Canadians that Organigram produces the highest quality, most consistent and safest products available.

Greg Engel Organigram CEOOrganigram CEO Greg Engel

The Company is also pleased to announce that Organigram’s expansion project remains on target for completion in calendar Q4 2017. The project will add 110,000 square feet to its state-of-the-art production facility in Moncton, New Brunswick. Upon completion of this phase, the Company will have capacity to produce up to 16,000 kgs of cannabis.

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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”).

In February 2017, Organigram was ranked in the top ten Clean Technology & Life Sciences Sector on the TSX Venture Exchange 50.

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Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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