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.

Stockwatch Daily - - FRONT PAGE - Mr. Greg En­gel re­ports

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).

We seek Safe Har­bor.

Peter Ami­rault, De­nis Charles Arse­nault, David James Do­herty, Kenneth Mit­ton, Larry Rogers, Roger A Rogers

(OGI) Shares: 103,634,945

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