Organigram Reports Health Canada Approval of New Grow Rooms, Increased Yields and Upward Revision to Production Capacity Forecasts | CashCropToday
0 Shares 245 Views

Organigram Reports Health Canada Approval of Phase 2 Expansion

March 6, 2018
245 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

VividGro, a Pegasus Capital Advisors Portfolio Company,  Announces Partnership with Merida Capital Partners
Market Watch
135 views
Market Watch
135 views

VividGro, a Pegasus Capital Advisors Portfolio Company, Announces Partnership with Merida Capital Partners

Editor - August 17, 2018

Partnership to Focus on Growth in Horticultural and Cannabis Industries VividGro, LLC, a portfolio company of private equity firm Pegasus Capital Advisors (Pegasus), today announced it has…

Harborside to Go Public Via Canadian Reverse Takeover in Deal Valued at C$200 Million
Market Watch
243 views
Market Watch
243 views

Harborside to Go Public Via Canadian Reverse Takeover in Deal Valued at C$200 Million

Editor - August 15, 2018

Harborside, a California based cannabis dispensary brand with multiple locations, is planning the reverse takeover of Canadian public company Lineage Grow Company Ltd. (CSE: BUDD). Lineage is…

The City of Los Angeles Has Begun Accepting Applications for Cannabis Licenses
Politics
326 views
Politics
326 views

The City of Los Angeles Has Begun Accepting Applications for Cannabis Licenses

Editor - August 15, 2018

At the beginning of this month, the city of Los Angeles finally decided to start accepting license applications from cannabis growers, manufacturers, and testing labs. Although marijuana was…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: