MONCTON, NEW BRUNSWICK--(Marketwired - Aug. 23, 2016) - OrganiGram Holdings Inc. (TSX VENTURE:OGI)(OTCQB:OGRMF) ("OrganiGram" or the "Company") is pleased to announce that it has closed its previously announced short form prospectus offering, on a bought deal basis, including the full exercise of the over-allotment option. As such, a total of 17,710,000 common shares of the Company (the "Shares") were sold at a price of $1.30 per Share, for aggregate gross proceeds of $23,023,000 (the "Offering"). The Offering was completed by a syndicate of underwriters led by Dundee Securities Ltd., and including GMP Securities L.P., Mackie Research Capital Corporation, PI Financial Corp. and Cormark Securities Inc.