MONCTON, New Brunswick–(BUSINESS WIRE)–PRESS RELEASE–Organigram Holdings Inc., the mother or father firm of Organigram Inc., a licensed producer of cannabis, has introduced that efficient Sept. 6, 2019, it has obtained Well being Canada’s approval for the licensing of 17 extra cultivation rooms underneath the Hashish Rules.

The brand new cultivation rooms symbolize roughly 15,000 kg/12 months of elevated goal manufacturing capability. These are the primary 17 rooms licensed throughout the firm’s Section 4B growth and now brings the corporate’s Moncton facility to annualized licensed capability to a goal of 76,000 kg.

The licenses are legitimate till March 27, 2020 and topic to phrases and circumstances.

“As soon as once more, we’re happy to obtain licensing approval in step with our expectations and the streamlined course of we’ve skilled to this point. Our Section four facility growth stays on schedule to fulfill rising demand and additional contribute to efficiencies of scale,” explains Greg Engel, CEO of Organigram.

Because of this approval, cannabis crops will likely be moved into these new rooms on a rolling foundation, commencing instantly. The corporate anticipates harvesting product from these new rooms by the tip of November, assuming regular cultivation timelines. After drying and different post-harvest processing (together with packaging), dried flower from these extra rooms is predicted to be out there on the market to sufferers and clients within the firm’s fiscal quarter ending Feb. 29, 2020.

Substantial building of the complete Section 4B stage stays on schedule for completion in September 2019 and the corporate additionally anticipates submitting the licensing modification for the remaining 16 Section 4B cultivation rooms later this month.

The perimeter of Section 5 of the corporate’s growth, which can embody an edibles and spinoff product facility and extra extraction capability, can be deliberate for this Well being Canada licensing submission.