Organigram Holdings (TSX.V: OGI) (NASDAQ: OGI), the parent company of Organigram Inc., began trading on the NASDAQ Global Select Market on May 21, 2019. In connection to its new listing, the company entered into a master services agreement with Native Ads, Inc. to provide and manage a digital media marketing campaign at a total cost of approximately CAD$270,000. Organigram also entered into an agreement with Hybrid Financial Ltd. for marketing services to advisors, brokers and institutional investors in North America. Per the agreement, Organigram will pay a monthly retainer of approximately CAD$51,000 to Hybrid.
Earlier in the week, the company announced a $15 million investment commitment in a high-speed, high-capacity, fully automated production line capable of producing approximately 4 million kilograms of chocolate cannabis edibles annually. The company anticipates taking delivery of the line in the fall. “Over the last number of years, Organigram has become known for its best-in-class cannabis production facility and high-quality products,” Organigram CEO Greg Engel stated in the news release. “With this investment, we will soon also be known for our world-class chocolate production capability.”
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About Organigram Holdings Inc.
Organigram Holdings Inc. is a TSX Venture Exchange listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of cannabis and cannabis-derived products in Canada. Organigram is focused on producing the highest-quality, indoor-grown cannabis for patients and adult recreational consumers in Canada, as well as developing international business partnerships to extend the company’s global footprint. Organigram has also developed a portfolio of legal adult use recreational cannabis brands including The Edison Cannabis Company, Ankr Organics, Trailer Park Buds and Trailblazer. Organigram’s primary facility is located in Moncton, New Brunswick and the Company is regulated by the Cannabis Act and the Cannabis Regulations (Canada). For more information, visit the company’s website at www.Organigram.ca.
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