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OrganiGram Holdings Inc
Symbol OGI
Shares Issued 51,559,332
Close 2014-11-07 C$ 1.15
Market Cap C$ 59,293,232
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OrganiGram to supply pot to Trauma Healing patients

2014-11-10 08:08 ET - News Release

Mr. Denis Arsenault reports

ORGANIGRAM SIGNS LETTER OF INTENT WITH TRAUMA HEALING CENTERS

OrganiGram Holdings Inc., through its wholly owned subsidiary, Organigram Inc., has entered into a binding letter of intent with Trauma Healing Centers Inc. pursuant to which OrganiGram will be the preferred supplier of medical marijuana to Trauma Healing Centers' patients.

Under the terms of the LOI, OrganiGram will produce the specified strains of medical marijuana requested by Trauma Healing Centers to treat its patients suffering from posttraumatic stress disorder. The LOI commits OrganiGram to provide up to 1,500 kilograms of medical marijuana specifically for Trauma Healing Centers' patients in 2015, increasing to 3,000 kilograms in 2016 and by 20 per cent each year thereafter. The LOI covers a term of 10 years with an option to extend by five years at the end of the initial term.

In addition, OrganiGram has agreed to collaborate with Trauma Healing Centers to conduct research related to PTSD and the use of medical marijuana for treatment.

"We are extremely happy to finally be cementing this long-term relationship with Trauma Healing Centers. The services Trauma Healing Centers provides to Canadian veterans and first responders is extremely important, and we are proud to be in a position to assist in their mission," said Denis Arsenault, chairman and chief executive officer of OrganiGram.

Trauma Healing Centers is in the process of opening 13 centres across Canada. The first four centres are scheduled to open in Edmonton, Ottawa, Quebec and the Halifax region in January, 2015. An additional nine centres are scheduled to open across Canada by June, 2015.

"Securing a consistent supply of the highest-quality medicine for our patients is a vital part to the services we provide at Trauma Healing Centers. We are pleased that OrganiGram has guaranteed an ongoing supply of medicine for our patients and we look forward to a long and successful partnership," said Kyle Atkinson, president of Trauma Healing Centers.

About Trauma Healing Centers

Trauma Healing Centers strives to be a complete resource centre, working to improve the health and quality of life of first responders, citizens and their families. Trauma Healing Centers is managed by a dedicated team of professionals and veterans focused on healing patients suffering from PTSD, chronic pain and illness through a multidisciplinary approach.

We seek Safe Harbor.

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