OrganiGram Holdings Renews Marijuana License

OrganiGram Holdings Inc. (TSXV:OGI,OTCQB:OGRMF) announced that it has completed the annual renewal of its license to grow and sell marijuana under the Marihuana for Medical Purposes Regulations (MMPR).

As quoted in the press release:

The license renewal allows for Organigram to grow and sell medical marijuana over the next 12 months. The company is currently awaiting Health Canada inspection of 4 additional grow rooms and plans to submit a capacity amendment as soon at the inspection is completed.

On March 16th, 2015, the Company announced the harvest of 95lbs of saleable product; the product from this harvest is in demand and sales are progressing as planned. The company expects to complete a harvest of a larger size in the third week of April 2015.

A company executive said:

The team at Organigram has worked diligently to ensure that the Company has continued to meet the standards set by the industry’s regulatory bodies and operate in accordance with the MMRP. We look forward to continuing to provide the best quality product and service possible for our current and future patients.

Click here to read the full OrganiGram Holdings Inc. (TSXV:OGI,OTCQB:OGRMF) press release. marketwired