Organigram Receives Permit to Export Medical Cannabis to Australia

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$432/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Organigram Receives Permit to Export Medical Cannabis to Australia

Canada NewsWire

Company Continues to Build International Presence Leveraging Award-Winning, High-Quality Product

MONCTON, NB, May 17, 2018 /CNW/ - Organigram Holdings Inc. (TSX VENTURE:OGI) (OTCQB:OGRMF) (the "Company" or "Organigram"), a leading licensed producer of medical marijuana based in Moncton, New Brunswick today announces that it has received a "Permit to Export Cannabis" from Health Canada that will allow the Company to begin its first international shipments.

Organigram (CNW Group/OrganiGram)

Organigram will now be able to ship dried cannabis products to Cannatrek Medical PTY Ltd ("Cannatrek"), a licenced Australian medical cannabis enterprise with operations in Melbourne, Victoria through its broker Cannada Management Group Global Inc. ("CMG"), a leading global cannabis and hemp brokerage firm for import/export, procurement and logistics of cannabis and hemp related products.

"Today we are proud to announce our ability to commence international sales through the receipt of a Permit to Export Cannabis from Health Canada," says Greg Engel, CEO, Organigram. "This is only the beginning. Last week we announced our intentions to invest in and sell to a German distributor. Today we announce our ability to sell into Australia. We continue to strive towards becoming a global leader in the medical cannabis trade."

Cannatrek CEO, Tommy Huppert, commented, "We are very excited to have established a relationship with Organigram. The import of medical cannabis products from a leading Canadian licensed producer strongly positions Cannatrek to capitalise on the rapidly evolving medical cannabis industry in Australia and increase patient access."

ABOUT CANNADA MANAGEMENT GROUP GLOBAL INC.

"CMG" is a leading global cannabis and hemp brokerage firm dealing in product procurement, importing and exporting, logistics, warehousing, distribution, sales and e-commerce. CMG is currently working with global partners to establish a gold standard for global distribution of medical grade cannabis and hemp products in legalized markets. CMG has signed international broker agreements for product, as well as successfully received government permits to import product into Canada and export product internationally for their clients.

For more information see www.cannadamanagement.com

ABOUT ORGANIGRAM HOLDINGS INC.

Organigram Holdings Inc. is a TSX Venture Exchange listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of medical marijuana in Canada. Organigram is focused on producing the highest quality, condition specific medical marijuana for patients in Canada. Organigram's facility is located in Moncton, New Brunswick and the Company is regulated by the Access to Cannabis for Medical Purposes Regulations ("ACMPR").

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Important factors - including the availability of funds, consummation of definitive documentation, federal and extra-jurisdictional regulations and applicable laws, the results of financing efforts, crop yields - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE OrganiGram

View original content with multimedia: http://www.newswire.ca/en/releases/archive/May2018/17/c7616.html

Copyright CNW Group 2018

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).