Organigram Holdings (TSXV:OGI; OTCQB:OGRMF) announced it has entered into a memorandum of understanding with the New Brunswick provincial authority for the distribution of marijuana to the adult-use recreational market.
As quoted in the press release:
Through the MOU, New Brunswick secures a supply of at least 5 million grams of recreational marijuana per year from Organigram.
The MOU, one of the first in Canada, is the result of positive, productive and ongoing consultation between the Government of New Brunswick and the Company.
“We are excited to enter into this MOU with the Province. The Government of New Brunswick has established itself as a leader in the developing marijuana industry, working to ensure that the industry develops in a responsible and effective manner. New Brunswick’s stewardship on this file has been recognized throughout Canada and we are proud to work closely and support them as a strategic partner,” says Greg Engel, Organigram’s Chief Executive Officer.