Moncton, New Brunswick-based Organigram Holdings Inc. (TSXV: OGI) (NASDAQ: OGI), a leading licensed producer of cannabis, recently announced a $15 million investment commitment in a high-speed, fully-automated production line able to produce 4 million kgs of chocolate cannabis edibles per year. Organigram expects to take delivery of the line in the fall.
The move anticipates the legalization of adult-use cannabis edibles in the fall, and strong market growth.
In addition to its helping Organigram meet domestic and international growth of the chocolate edibles markets, it will help them introduce unique chocolate edibles.
“We continually look for opportunities to lead,” Greg Engel, CEO, Organigram. “With this investment, we will soon be known for our world-class chocolate production capability. That leadership…ends when we have a portfolio of novel products…”
Organigram chocolate will be supported by a team, and partners, with global expertise. Its product development team has more than 25 years of chocolate experience. Jeff Purcell, the Senior VP of Operations brings years of chocolate experience at Ganong Bros Ltd to manage the project. Ginette Ahier, previously of Adorable Chocolate, and Mouna Gharsallah, previously of Tunisia based Sotuchoc, will lead marketing, product development and research teams.
“I don’t believe there is another team…that can rival ours when it comes to understanding – and reimagining – the potential of chocolate cannabis-infused edibles,” said Engel.
There will also be a state-of-the-art molding and packaging line that includes engineering, robotics, high-speed labeling and shipping carton packing.
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Source Organigram press release