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Organigram receives license to increase capacity to 16,000 kg/year

Organigram receives license to increase capacity to 16,000 kg/yearNew Brunswick-based Organigram Holdings Inc. (TSX:OGI) (OTC:OGRMF), a leading Canadian producer of medical cannabis, received an expanded cultivation license for its Phase 2 expansion. The license covers the expanded 3.4 acre facility, and the first ten of Organigram’s new 23 three-level cultivation rooms.

The company will begin harvests from these new rooms in April. The remaining 13 rooms will come on line in March. With the company’s three-level canopy growing system, the 23 cultivation rooms will increase their capacity from 5,200 kg/year to roughly 16,000 kg/year.

“We’ve spent years perfecting three-level growing technology, said Greg Engel. “We have developed a world-class cannabis production facility and (will) offer our medical and adult recreational customers exceptional award winning…product in 2018 and beyond.”

The Phase 3 expansion to be completed in May 2018 will increase production to 25,000 kg/annum. A fully-funded Phase 4 expansion scheduled to start construction in April will bring capacity to 65,000 kg/annum in three stages over the next two years.

The Phase 2 expansion also includes a fully automated irrigation system, automated potting, fully automated waste destruction system and automated packaging lines for cost savings and increased yields.

Source Organigram

Organigram receives license to increase capacity to 16,000 kg/year

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