04:25:51 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Organigram Holdings Inc
Symbol OGI
Shares Issued 314,027,380
Close 2023-05-19 C$ 0.66
Market Cap C$ 207,258,071
Recent Sedar Documents

Organigram to supply dried flower to German pot co.

2023-05-23 13:13 ET - News Release

Ms. Beena Goldenberg reports

ORGANIGRAM TO ENTER GERMAN MARKET SUPPLYING SANITY GROUP

Organigram Holdings Inc. has entered into a supply agreement for dried flower with the medical division of German cannabis company Sanity Group, a health and life sciences company based in Berlin, Germany, dedicated to the medical applications of cannabinoids. Through exports from its flagship state-of-the-art cultivation facility in Moncton, Organigram already services medical patients in Israel and Australia, and will now add Germany to its growing list of international markets.

Under the terms of the agreement, the company will provide high-quality, indoor-grown dried flower product to Sanity Group and grant Sanity Group strain exclusivity on certain genetics.

"With the German cannabis industry slowly moving toward a recreational adult-use model, we are excited to begin solidifying our relationships with reputable medical cannabis product developers and distributors like Sanity Group," says Beena Goldenberg, chief executive officer of Organigram. "We are committed to providing customers and medical patients in Australia, Israel and now Germany with high-quality cannabis, produced through industry-leading research, development and consumer-led insights."

"We look forward to bringing Organigram's high-quality, indoor-grown flower to our German medical patients," said Finn Age Hansel, managing director and founder of Sanity Group. "Organigram consistently ranks as a leader in flower sales nationally in Canada and will be providing us with exclusivity on certain strains within the German market."

Activities under the agreement are subject to compliance with all applicable laws, including receipt of all requisite approvals from Health Canada, the German Ministry of Health and any other applicable regulatory authorities.

About Organigram Holdings Inc.

Organigram Holdings is a Nasdaq Global Select Market- and Toronto Stock Exchange-listed company whose wholly owned subsidiaries include Organigram Inc. and Laurentian Organic Inc., licensed producers of cannabis and cannabis-derived products in Canada, and The Edibles and Infusions Corp., a licensed manufacturer of cannabis-infused edibles in Canada.

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