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Organigram Announces Health Canada Licensing of Phase 3 Cultivation Expansion
Organigram Announces Health Canada Licensing of Phase 3 Cultivation Expansion Cana...
About this update from Organigram Global Inc.
[{"type":"text","content":"\n\n\n\nOrganigram Announces Health Canada Licensing of Phase 3 Cultivation Expansion\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, June 5, 2018\n\n\n\nLicensed production capacity expected to be 36,000 kg/yr by end of June 2018\n\n\n\nTORONTO, June 5, 2018 /CNW/ - Organigram Holdings Inc. (\"Organigram\" or the \"Company\") (TSX VENTURE: OGI) (OTCQB: OGRMF) a leading licensed producer of medical marijuana based in Moncton, New Brunswick, is pleased to announce that it has received an expanded cultivation license from Health Canada related to its previously announced Phase 3 expansion.\n\n\n \n \n\n \nThe scope of the amendment includes approval of the following:\n\n\nThe entire perimeter of the expanded facility, approximately 40,000 sq ft;\nThe first six of Organigram's new 16 three-tier cultivation rooms in the Phase 3 expansion; and\nRefined functional design on an already improved Phase 2 design including slightly higher grow rooms and the location of HVAC units entirely on the outside of the rooms for enhanced ergonomics and improved airflow.\n\nAs a result of this approval, cannabis plants will be moved into these new rooms on a rolling basis beginning on June 6, 2018. The Company will be able to begin staggered harvests from these new rooms by the first week in August. The remaining ten Phase 3 rooms are expected to come online on or before June 30, 2018 in stages pending Health Canada approval.\n\nOrganigram is also pleased to note that this licensing does not require a new sales license and there will be no delay from harvest to sale.\n\nOrganigram Positioning into Canadian Adult-Use Market Launch\n\nOnce the remaining Phase 3 rooms are online the Company will have a target production capacity of 36,000 kg/year of dried flower equivalent. \n\n\"Based on our review of publicly available data we believe we will be one of the top 5licensed producers in terms of current production capacity once the remaining rooms from Phase 3 are approved\", said Greg Engel, CEO. \"Given our existing inventory, product...