Organigram, New Brunswick sign MOU for weed supply
Organigram Holdings Inc. has signed an MOU with the New Brunswick provincial authority for distribution of recreational marijuana. New Brunswick has secured a supply of at least five million grams of recreational marijuana per year from Organigram.
ORGANIGRAM HOLDINGS Inc. has entered into a memorandum of understanding (MOU) with the New Brunswick provincial authority for the distribution of marijuana to the adult-use recreational market.
Through the MOU, New Brunswick secures a supply of at least five million grams of recreational marijuana per year from Organigram.
The MOU, one of the first in Canada, is the result of positive, productive and continuing consultation between the government of New Brunswick and the company.
“We are excited to enter into this MOU with the province. The government of New Brunswick has established itself as a leader in the developing marijuana industry, working to ensure that the industry develops in a responsible and effective manner. New Brunswick’s stewardship on this file has been recognized throughout Canada and we are proud to work closely and support them as a strategic partner,” said Greg Engel, Organigram’s chief executive officer.
The supply arrangement outlined in the MOU supports the financial viability and success of Organigram as a leading licensed producer in Canada.
“We applaud the New Brunswick government’s efforts to foster an innovative, forward-thinking economic climate that supports cannabis as a driver of growth for New Brunswick-based businesses,” adds Mr. Engel.
Both Organigram and the government of New Brunswick are committed to the safe and responsible implementation of the upcoming federal legislation regarding access to adult-use recreational marijuana. As a result, as part of the MOU, Organigram will also contribute to social responsibility programs that will provide ongoing education, helping ensure public safety remains a priority.
“As we move forward under this agreement, we have the opportunity not only to help build a strong and successful cannabis market within the province and beyond, but to also reinforce our company’s commitment to safety and education,” said Ray Gracewood, chief commercial officer, Organigram. “The safety of those in our community is of the utmost importance, and we are proud to support programs that will continue to educate the public on cannabis and all of its forms.”
About Organigram Holdings Inc.
Organigram Holdings is a TSX Venture Exchange-listed company the wholly owned subsidiary of which, Organigram Inc., is a licensed producer of medical marijuana in Canada. Organigram is focused on 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).
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