Agreement is Company's sixth provincial supply
arrangement,
continues to build Company's national presence
MONCTON, NB, Aug. 24, 2018 /CNW/ - Organigram Holdings
Inc. (TSXV: 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 the Company has
signed a supply agreement with Nova Scotia Liquor Corporation
(NSLC) in anticipation of the launch of a legal, adult use
recreational cannabis market in the province.
"We are pleased to announce our supply agreement with NSLC,"
says Greg Engel, Organigram's Chief
Executive Officer. "Our home markets have always been a key
priority for Organigram and this announcement solidifies our
position as the market leader here in the Maritimes. With supply
arrangements in place in six provinces, we take great pride in our
place as a national leader working towards a responsible,
sustainable and successful adult-use recreational cannabis
market."
"We are proud to have been recognized and approved by NSLC,"
says Tim Emberg, Vice President of
Sales and Commercial Operations, Organigram. "Under the terms of
the agreement, Organigram will provide NSLC with 41 SKUs from our
overall product mix, which will essentially offer Nova Scotians
access to almost 100 percent of our total product offerings."
Summary of Supply and Listing Agreements in Canada
Currently, Organigram has supply agreements/memorandums of
understanding with six provinces.
A summary of the agreements is as follows in the table below.
|
Province
|
Date of
Announcement
|
Type of
Agreement
and Terms
|
Other
Comments
|
|
New
Brunswick
|
Sept 15,
2017
|
Memorandum of
Understanding with New
Brunswick provincial
authority for a minimum of
5,000 kg/yr.
|
Largest allocation to
any licensed
producer.
|
|
Prince Edward
Island
|
Jan 16,
2018
|
Memorandum of
Understanding with the
government of PEI for a
minimum 1,000 kg/yr.
|
Tied for largest
allocation with two
other licensed producers.
|
|
Alberta
|
July 5,
2018
|
Supply agreement
with
Alberta Gaming, Liquor and
Cannabis Commission
(AGLC).
|
Selected as one of
the initial 13 licensed
producers that will be supplying the
province.
|
|
Manitoba
|
July 10,
2018
|
Approved supplier for
the
Province of Manitoba.
|
Strategic supply
agreement with HIKU
Brands for up to 1,000 kg/annum per
year.
|
|
Ontario
|
Aug 21,
2018
|
Listing agreement
with the
Ontario Cannabis Retail
Corporation (OCRC):
Organigram is an approved
supplier for the Province of
Ontario with 27 SKUs of
product listed.
|
Selected as one of
the initial 26 licensed
producers that will be supplying the
province.
|
|
Nova
Scotia
|
Aug 24,
2018
|
Listing agreement
with Nova
Scotia Liquor Corporation
(NSLC): Organigram is an
approved supplier with 41
SKUs of product listed.
|
Selected as a major
supplier in NS
|
|
|
|
Notes:
|
|
|
1.
|
References to
kilograms are dried flower equivalents.
|
For more information, visit www.Organigram.ca
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 cannabis and cannabis-derived products in
Canada.
Organigram is focused on producing the highest-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. In anticipation of the legal adult use recreational
cannabis in Canada, Organigram has
developed a portfolio of brands including The Edison Cannabis
Company, Ankr Organics and Trailer Park Buds. Organigram's primary
facility is located in Moncton, New
Brunswick and the Company is regulated by the Access to
Cannabis for Medical Purposes Regulations ("ACMPR").
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release contains forward-looking information which
involves known and unknown risks, uncertainties and other factors
that may cause actual events to differ materially from current
expectations. Important factors - including the availability of
funds, consummation of definitive documentation, the results of
financing efforts, crop yields - that could cause actual results to
differ materially from the Company's expectations are disclosed in
the Company's documents filed from time to time on SEDAR (see
www.sedar.com). Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the
date of this press release. The Company disclaims any intention or
obligation, except to the extent required by law, to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE OrganiGram