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.”
To view the full press release, visit http://ibn.fm/BQaE7
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.
NOTE TO INVESTORS: The latest news and updates relating to OGRMF are available in the company’s newsroom at http://ibn.fm/OGRMF
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.qualitystocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php