Mr. Greg Engel of Organigram reports

ORGANIGRAM SIGNS MULTI-YEAR CANNABIS EXTRACTION AGREEMENT WITH VALENS GROWORKS CORP.

Organigram Holdings Inc. has signed a multiyear extraction contract with Valens Groworks Corp.

Under the terms of the agreement, Valens will extract cannabis flowers and trim from Organigram's Moncton operation as well as hemp to produce extract concentrate. In turn, the concentrate will be used by Organigram to produce oils and, eventually, derivative edible and vaporizable cannabis products. The legalization of cannabis edibles and other derivative-based products in Canada is expected later this year.

"Looking ahead to another year of unprecedented firsts in the national and global cannabis industries, our growth strategy is aggressive," said Greg Engel, chief executive officer, Organigram. "A key element of that success is partnerships with companies like Valens who can offer the capacity, quality and expertise to help ensure we deliver on our ongoing commitment to meeting the increasing demand of the global medical and adult recreational cannabis markets."

"We are pleased to be a trusted partner of Organigram and the Canadian cannabis industry," said Tyler Robson, chief executive officer of Valens Groworks. "We are proud to collaborate with companies like Organigram who continue to look for innovative technologies that will best serve the long-term needs of their customers."

The agreement between the two companies is effective immediately.

About Organigram Holdings Inc.

Organigram 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.

About Valens Groworks Corp.

Valens GroWorks is a research-driven, vertically integrated Canadian cannabis company focused on downstream secondary extraction methodology, distillation, and cannabinoid isolation and purification, as well as associated quality testing with three wholly owned subsidiaries located in and around Kelowna, B.C.

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