News! OGI is now a supplier to PEI!Gotta love it!!
Organigram signs MOU with PEI for cannabis distribution
2018-01-16 13:17 ET - News Release
Mr. Greg Engel reports
ORGANIGRAM SIGNS MOU WITH GOVERNMENT OF PRINCE EDWARD ISLAND FOR THE DISTRIBUTION OF CANNABIS TO THE PROVINCE'S ADULT RECREATIONAL MARKET
Organigram Holdings Inc. has entered into a memorandum of understanding with the government of Prince Edward Island (PEI) for the distribution of cannabis to the adult-use recreational market.
Through the MOU, PEI secures a supply of at least one million grams of recreational marijuana per year from Organigram.
"We are excited to finalize this agreement with the government of Prince Edward Island," says Greg Engel, Organigram's chief executive officer. "Particularly as a Maritime-based company, we are proud to support the province's efforts to move toward a responsible, sustainable and successful adult-use recreational market."
"The province is very pleased to partner with Organigram in securing a safe supply of cannabis for the PEI market," said minister of finance, Heath MacDonald. "Islanders who choose to partake in recreational cannabis in PEI can be confident that the products available to them will be safe, of high-quality and provided through licensed suppliers committed to cannabis education and responsible use."
The PEI supply arrangement follows a memorandum of understanding Organigram signed in 2017 with the government of New Brunswick to supply a minimum of five million grams of cannabis a year. The New Brunswick MOU is estimated to have a retail value of between $40-million to $60-million per year.
"There is tremendous cannabis expertise here in the Maritimes," says Mr. Engel. "We have worked hard to assemble a local, world-class team of experts. We applaud PEI's recognition of our homegrown industry leadership and its commitment to building -- and formalizing -- positive and productive working relationships with regionally based companies like Organigram."
As part of discussions with PEI, and as reflection of the organizations shared commitment to the safe and responsible implementation of new federal rules related to the adult-use recreational cannabis market, Organigram will also be working closely with the government of PEI to develop and contribute to social responsibility programs that will provide continuing education, helping ensure public safety remains a priority.
"There is no successful cannabis market or industry without an unwavering commitment to public safety," says Ray Gracewood, chief commercial officer, Organigram. "We are proud to work with PEI and share their vision of a thriving, responsibility-first recreational market."
About Organigram Holdings Inc.
Organigram Holdings 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 solidifying its position as one of the world's leading producers of indoor-grown marijuana by continuing its expansion and constructions plans and by producing the highest quality, condition specific medical marijuana for patients in Canada. Organigram's facility is located in Moncton, N.B., and the company is regulated by the Access to Cannabis for Medical Purposes Regulations (ACMPR).