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Organigram to invest $15 million in industry-leading infused chocolate innovation
Organigram to invest $15 million in industry-leading infused chocolate innovation ...
About this update from Organigram Global Inc.
[{"type":"text","content":"\n\n\n\nOrganigram to invest $15 million in industry-leading infused chocolate innovation\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, May 20, 2019\n\n\n\nCompany positioning itself to compete within expected largest cannabis edibles segment\n MONCTON, NB, May 20, 2019 /CNW/ - Anticipating the legalization of adult-use cannabis edibles, and ready to demonstrate a leadership position in the edibles market, Organigram Holdings Inc. (TSX VENTURE: OGI) (OTCQX: OGRMF), the parent company of Organigram Inc. (the \"Company\" or \"Organigram\"), a leading licensed producer of cannabis, is pleased to announce a $15 million investment commitment in a high-speed, high-capacity, fully-automated production line with ability to produce an estimated 4 million kilograms of exceptional chocolate cannabis edibles per year. Organigram expects to take delivery of the line in the fall. \n\n \n \n\n \nIn addition to its sheer capacity, adaptability to anticipated future growth of the domestic and international chocolate edibles markets, the line is expected to allow Organigram's product development team to introduce chocolate innovations unique not only to the cannabis industry, but to the chocolate industry as a whole.\n\"Over the last number of years, Organigram has become known for its best-in-class cannabis production facility and high-quality products,\" says Greg Engel, CEO, Organigram. \"With this investment, we will soon also be known for our world-class chocolate production capability.\"\nThe full Organigram chocolate offering that is under development is expected to be supported by a carefully curated collection of partners and suppliers identified for their own global expertise and unwavering commitment to quality. The investment will contribute to a state-of-the-art chocolate moulding line and a fully integrated packaging line, that includes advanced engineering, robotics, high-speed labeling and automated shipping carton packing. \nOrganigram's plan for chocolate production reflects the Company's commitment to tr...