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OrganiGram Holdings Inc T.OGI

Alternate Symbol(s):  OGI

Organigram Holdings Inc. operates through its subsidiaries. The Company’s major wholly owned subsidiaries include Organigram Inc., 10870277 Canada Inc., The Edibles and Infusions Corporation (EIC), and Laurentian Organic Inc. (Laurentian). Organigram Inc. is a licensed producer (LP) of cannabis, cannabis-derived products and cannabis infused edibles in Canada. It is focused on producing cannabis for patients and adult recreational consumers, as well as developing international business partnerships. It has also developed and owns a portfolio of legal adult-use recreational cannabis brands, including Edison, Holy Mountain, Big Bag O’ Buds, SHRED, SHRED’ems, Monjour, Laurentian, Tremblant Cannabis and Trailblazer. It operates facilities in Moncton, New Brunswick and Lac-Superieur, Quebec, with a dedicated edibles manufacturing facility in Winnipeg, Manitoba. 10870277 Canada Inc. is a special purpose holding company for the Company. EIC is a cannabis processor of confectionary goods.


TSX:OGI - Post by User

Bullboard Posts
Post by ThinkLongTermon Feb 28, 2017 11:07am
196 Views
Post# 25905032

Aurora receiving $800k+ refund for tainted product

Aurora receiving $800k+ refund for tainted product
Guess whos going to pay that refund?

Also Organigram refunding almost a year worth of sales so will only be getting people using credits next year if they bother staying there so many leaving and who will join with others like emblem and aurora and canopy there? 80-100 talked to wagner lawsuit itself

And apparently organigram don't even know where pesticide came from?

Big dumps going on , next quarter and further growth going to be horrendous in my personal opinion

  • On January 16, 2017, the Company initiated a voluntary recall of products purchased from another licensed producer for resale purposes, which the Company had found to contain a pesticide not currently registered for use on medical cannabis.
  • The licensed producer that had sold the recalled cannabis to Aurora has agreed to fully reimburse the Company as follows:
    • A cash payment in the amount of $384,835, constituting a full refund for product returned, and
    • A credit in the amount of approximately $450,000, fully covering Aurora's costs incurred via extension of purchase credits by Aurora to its affected clients.
Bullboard Posts

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