MONCTON, NEW BRUNSWICK--(Marketwired - Jan. 10, 2017) - Organigram Holdings Inc. (TSX
VENTURE:OGI)(OTCQB:OGRMF) (the "Company") is pleased to announce it has entered an agreement for the acquisition of additional
lands and premises adjacent to its existing property in Moncton, New Brunswick for $600,000 in cash. Concurrent with the closing
of the transaction, Organigram will consolidate the acquired 91 English Drive property with its existing ACMPR licensed
facilities located at 35 English Drive.
Organigram expects that edibles and infused products will be a major part of the future medical and recreational market for
cannabis products. In anticipation of this transition in consumer demand, the Company intends to construct a purpose built
infused products manufacturing facility on this newly acquired property. This facility will be in addition to the previously
announced oils and extracts manufacturing infrastructure engineered and designed in collaboration with our partners in Colorado,
TGS International.
Some of the most notable takeaways from the final Cannabis Legalization and Regulation Task Force report related specifically
to cannabis edibles and derivatives. The report noted the expectation for edibles to have a broad market appeal and that they
should be regulated at the federal level, drawing on the good production practices of the current cannabis for medical purposes
system.
"Many of these observations and recommendations of the task force were derived from the experiences and regulations related to
cannabis infused products in the more developed US states. Our joint venture partners from Colorado, TGS International, provide
Organigram with invaluable insight from their experience as leaders in edibles manufacturing and retailing in these markets. We
will be working closely with them and drawing on their insights as we establish a similar vertically integrated manufacturing
platform for these products right here in Canada," says Denis Arsenault, CEO of Organigram.
Under the terms of the agreement, Organigram will acquire the 2.6-acre property, subject to certain terms and conditions and
will have until January 16th to conduct confirmatory due diligence. Closing of the transaction is expected to occur or
before March 31, 2017.
Organigram also announces the appointment of Michael Tripp as Chief Legal Officer of the Company. Prior to commencing
this role, Mr. Tripp engaged in private practice at a respected business law firms in Moncton and Toronto and as General Counsel
and Secretary to a TSX-V listed company.
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 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").
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 expectation. Important factors - including the availability of
funds, 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.