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Organigram signs MOU with Government of Prince Edward Island for the distribution of cannabis to the province's adult recreational market
Organigram signs MOU with Government of Prince Edward Island for the distribution of canna...
About this update from Organigram Global Inc.
[{"type":"text","content":"\n\n\n\nOrganigram signs MOU with Government of Prince Edward Island for the distribution of cannabis to the province's adult recreational market\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\nMONCTON, NB, Jan. 16, 2018\n\n\n\nAgreement estimated to have a minimum retail value between $8 million - $12 million per year\n\nHighlights\n\n\nOrganigram agrees to supply Prince Edward Island a minimum of 1,000,000 grams per year \nOrganigram selected as one of 3 licensed producers (LPs) selected to supply adult-use recreational cannabis to Prince Edward Island market \nAgreement secures inventory for the adult recreational market in Prince Edward Island\n\n\n\nMONCTON, NB, Jan. 16, 2018 /CNW/ - Organigram Holdings Inc. (TSX VENTURE:OGI) (OTCQB:OGRMF) (the \"Company\" or \"Organigram\"), a leading licensed producer of medical marijuana based in Moncton, New Brunswick, is pleased to announce that it has entered into a memorandum of understanding (\"MOU\") with the Government of Prince Edward Island (PEI) for the distribution of cannabis to the adult-use recreational market.\n\n\n \n \n\n \nThrough the MOU, PEI secures a supply of at least one million grams of recreational marijuana per year from Organigram. \n\n\"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.\" \n\n\"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.\"\n\nThe PEI supply arrangement follows a memorandum of understanding Organigram signed in 2017 wi...