Organigram Reports Health Canada Approval of New Grow Rooms, Increased Yields and Upward Revision to Production Capacity Forecasts | CashCropToday
0 Shares 206 Views

Organigram Reports Health Canada Approval of Phase 2 Expansion

March 6, 2018
206 Views

On March 6, 2018 Organigram Holdings Inc. (TSX VENTURE: OGI) (OTCQB: OGRMF), a leading licensed producer of medical marijuana based in Moncton, New Brunswick, announced that it had received Health Canada approval for the remaining 13 rooms of its 23 room Phase 2 expansion a week ahead of schedule. The Company expects harvests from the Phase 2 expansion to begin the third week of April.

The Phase 2 expansion will reportedly include significant improvements and efficiencies to the company’s cultivation and processing systems. Planned enhancements will include a fully automated irrigation system, automated potting, a fully automated waste destruction system and automated packaging. Organigram’s approach to production has been trending yields that are in some cases 50% higher than its previous estimates and the company fully anticipates this to continue with enhanced improvements in cultivation and environmental design in Phase 3 and Phase 4 as well as through achievements of economies of scale through optimization of its pre-vegetation and cloning processes.

According to Organigram CEO, Greg Engel, the company is, “seeing some harvest yields that are more than 400 grams per square foot a year and have witnessed the quality, density and size of flowers improve tremendously.” The company now expects that by early 2020 it will be producing over 110,000 kg/year from fully funded operations. Organigram Holdings Inc. is a TSX Venture Exchange listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of medical marijuana in Canada.

You may be interested

MedMen Begins Construction of Cannabis Cultivation and Manufacturing Facility in California
Growers
2 views
Growers
2 views

MedMen Begins Construction of Cannabis Cultivation and Manufacturing Facility in California

Sam Rosenberg - May 24, 2018

Med Men Enterprises has begun construction on a large scale cultivation and manufacturing facility in Desert Hot Springs, California. The new facility is expected to become operational…

Canopy Growth Corp. to Begin Trading on New York Stock Exchange Today
Market Watch
3 views
Market Watch
3 views

Canopy Growth Corp. to Begin Trading on New York Stock Exchange Today

Sam Rosenberg - May 24, 2018

Canopy Growth Corporation (TSX: WEED) announced this morning that the company is expected to begin trading on the New York Stock Exchange (NYSE) this morning under the ticker…

Colorado Passes Bill to Allow Public Companies to Invest into Cannabis  Businesses
Politics
6 views
Politics
6 views

Colorado Passes Bill to Allow Public Companies to Invest into Cannabis Businesses

Sam Rosenberg - May 23, 2018

Colorado has just passed a House Bill 18-1011 which will allow publicly trade companies in the U.S. to invest and hold medicinal or recreational cannabis cultivation, processing,…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: