Organigram Holdings (NASDAQ: OGI) (TSX: OGI), the parent
company of Organigram Inc. (the “company” or “Organigram”), a leading licensed
producer of cannabis, today announced the company’s receipt of Health Canada’s
approval for the licensing of 16 additional cultivation rooms under the
Cannabis Regulations. According to the update, the expanded license was
effective as of December 12, 2019, and the new cultivation rooms represent
approximately 13,000 kg/yr1 of increased target cultivation capacity. “This is
a dynamic time for Organigram and the industry as a whole. Cannabis 2.0 – the
legalization of adult use recreational cannabis edibles, vape products,
extracts and topicals – is a new era for cannabis here at home and around the
world,” Organigram CEO Greg Engel said in the news release. “Our physical
expansion reflects our ambitious response to this new opportunity as well as
our ongoing commitment to anticipating and meeting the demands of Canadian
cannabis consumers for new and innovative cannabis experiences.”
To view the full press release, visit http://ibn.fm/PE1mj
About Organigram Holdings Inc.
Organigram Holdings Inc. is a NASDAQ Global Select and TSX
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 high-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 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). For more
information, visit the company’s website at www.Organigram.ca.
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide
a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks
are designed to keep investors up to date on important and breaking news in the
small-cap and micro-cap markets. Spanning all industries, including energy,
entertainment, telecommunications, healthcare, retail and more, these news
breaks deliver opportunities the investment community may have missed. Whether
it is earnings results, mergers and acquisitions, or any other market-moving
news, our news breaks keep you in the know. QualityStocks is committed to
connecting subscribers with companies that have huge potential to succeed in
the short and long-term future. It is part of our mission statement to help the
investment community discover emerging companies that offer excellent growth
potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment