Mr. Borna Zlamalik reports

ORGANIGRAM LAUNCHES FIRST RANGE OF THCV PRODUCTS DERIVED FROM MONCTON-GROWN WHOLE FLOWER

Organigram Holdings Inc. has launched its first range of whole-flower-derived THCV (tetrahydrocannabivarin) products through the company's popular Shred and newly relaunched Trailblazer brands.

Reaffirming its commitment to forward-looking innovation, Organigram strives to maintain a competitive advantage in the cannabis industry, most recently through its strategic investment in Phylos Bioscience, a United States-based leader in cannabis genetics. Through this investment, Organigram cultivates and extracts THCV in-house in its state-of-the-art Moncton facility and is currently believed to be the only Canadian licensed producer (LP) to do so.

THCV is a novel and rare cannabinoid often referenced for its appetite-suppressing effects. THCV is a compelling offering for consumers because, like CBD (cannabidiol), it is reported to be non-psychoactive, and acts as an antagonist for some of the qualities associated with THC (tetrahydrocannabinol). For example, THCV is reported to mitigate the appetite stimulation associated with THC, earning it the nickname "diet weed," and is also gaining popularity for its reported supersativa effects of wellness, energy and focus.

Organigram has exclusive Canadian rights to all THCV cultivars from Phylos, including Get S**t Done (1:3 THC:THCV) and Joyride (1:1 THC:THCV), two popular cultivars with THCV concentrations that are significantly higher than anything else currently available in the market. Phylos has developed, and continues to develop, proprietary high-THCV genetics in various THC:THCV ratios where each ratio creates a differentiated user experience and can be delivered in a wide range of product formats.

"At Organigram, our commitment to scientific excellence, rigorous research and consumer-driven innovation sets us apart in the industry," says Borna Zlamalik, senior vice-president of innovation and research and development at Organigram. "We are currently the only licensed Canadian cannabis company to be cultivating and extracting from THCV flower, meaning that our products are made from the entire cannabis flower, including cannabinoids, terpenes, flavonoids and other compounds. They are extracted directly from the cannabis plant using methods like CO2 and solventless cold water extraction. Our products are naturally (and not synthetically) derived, not created through chemical processes in a laboratory setting. This is a testament to our extraordinary R&D, exceptional talent, and the incredible capabilities we have in-house," he added.

Organigram's first THCV range of products include:

• Shred'ems Guava Lime Go-Time: This exotic new flavour profile, bursting with guava and lime flavours, provides a unique cannabinoid experience with an initial 1:1 THC:THCV (10 milligrams THC plus 10 mg THCV) ratio per pack. An entry point for those looking to experience this new minor cannabinoid.
• Trailblazer Zen Garden Grapefruit: A THCV-forward, grapefruit-flavoured sugar-free gummy that offers more THCV than any other gummy in the market with an initial 1:2 THC:THCV (10 mg THC plus 20 mg THCV) ratio per pack.

"In this era of heightened awareness, we recognize that consumers expect more from cannabis producers, and our commitment as an industry-leading licensed producer is to exceed those expectations. By harnessing the power of THCV through our strategic investment, we are reshaping the cannabis experience for consumers," says Megan McCrae, senior vice-president of marketing and communications at Organigram.

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. Organigram is focused on producing high-quality cannabis for patients and adult recreational consumers, as well as developing international business partnerships to extend the company's global footprint. Organigram has also developed and acquired a portfolio of legal adult-use recreational cannabis brands, including Edison, Holy Mountain, Big Bag O' Buds, Shred, Shred'ems, Monjour, Laurentian, Tremblant Cannabis and Trailblazer. Organigram operates facilities in Moncton, N.B., and Lac-Superieur, Que., with a dedicated edibles manufacturing facility in Winnipeg, Man. The company is regulated by the Cannabis Act and the Cannabis Regulations (Canada).

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