Full Press Release Details
Organigram Receives Organic Certification for
Recreational Cannabis
MONCTON, May 31, 2019/CNW/ Organigram Holdings Inc. (TSX
VENTURE: OGI) (NASDAQ: OGI), the parent company of Organigram Inc. (the
Company or Organigram ), a leading licensed producer of cannabis, is pleased
to announce its recreational cannabis plants and growing processes have been
certified organic with Pro-Cert Organic Systems Ltd. ( Pro-Cert ).
Pro-Cert is one of North America s foremost certification
bodies and is accredited by IOAS to provide third party certification to the
Canadian Organic Standards. As a licensed producer of medical and adult-use
recreational cannabis, Organigram is one of the most experienced organic
producers in the industry. Organigram has worked closely with Pro-Cert to
achieve the certification.
We know that there is a significant consumer demand for
organic cannabis products, says Greg Engel, CEO Organigram. We have been proud
to offer our medical customers access to organic strains and are excited to be
able to expand our offering to adult recreational consumers who value organic
The Pro-Cert certification fortifies Organigram s organic
strategy and product offering, complementing the Company s existing organic
certification with EcoCert, who currently certifies the organic process for its
medical products. The Company has been successfully producing organic medical
cannabis and the option has proven to be one of the Company s most popular
strains for medical patients.
The Pro-Cert certification also enables the Company to
formalize its plans for the launch of ANKR Organics into the recreational
marketplace, Organigram s line of organic flower and organic edible extract
The ANKR brand reflects Organigram s commitment to organic
excellence, a responsiveness to the market and consumer preferences, and an
understanding of the drivers of our future growth, says Engel. Organigram s
organic offering brings together the best of what we know about organic
cultivation and product development and adds another high-quality offering to
our product portfolio.
ANKR is expected to launch in select Canadian markets later in
About Organigram Holdings Inc.
Organigram Holdings Inc. is a TSX Venture Exchange and NASDAQ
Global Select 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. Organigram has also developed a portfolio of legal
adult use recreational cannabis brands including The Edison Cannabis Company,
Ankr Organics, Trailer Park Buds 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).
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. Often,
but not always, forward-looking information can be identified by the use of
words such as plans , expects , estimates , intends , anticipates ,
believes or variations of such words and phrases or state that certain
actions, events, or results may , could , would , might or will be taken,
occur or be achieved. Forward-looking information involves known and unknown
risks, uncertainties and other factors that may cause actual results, events,
performance or achievements of Organigram to differ materially from current
expectations or future results, performance or achievements expressed or implied
by the forward-looking information contained in this news release. Examples of
such statements include statements with respect to the edibles market,
Organigram s expected market position, consumer demand for products, timing for
launch of product lines and brands. Risks, uncertainties and other factors
involved with forward-looking information could cause actual events, results,
performance, prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information, including risks
associated with new product categories, regulation and timing for
implementation, and such risks as disclosed in the Company s most recent annual
information form and other 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. Although the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are reasonable,
undue reliance should not be placed on such information and no assurance can be
given that such events will occur in the disclosed time frames or at all. The
forward-looking information included in this news release are made as of the
date of this news release and the Company disclaims any intention or obligation,
except to the extent required by law, to update or revise any forward-looking
information, whether as a result of new information, future events or otherwise.
We seek safe harbor.
| For Investor Relations enquiries, please contact: |
| Amy Schwalm |
| Vice President, Investor Relations |
| Amy.Schwalm@organigram.ca |
| (416) 704-9057 |
| For Media enquiries, please contact: |
| Ray Gracewood |
| Senior Vice President, Marketing and Communications |
| rgracewood@organigram.ca |
| (506) 645-1653 |