Organigram Gets Approval for Grow Rooms of Expansion Plan

Organigram Holdings (TSXV:OGI; OTCQB:OGRMF) announced it obtained Health Canada approval for its remaining 13 rooms of their phase 2 expansion.

As quoted in the press release:

The Company previously announced the available use of the first 10 rooms of the Phase 2 expansion on February 12, 2018.  The Company expects harvests from the Phase 2 expansion to begin the third week of April.

The Phase 2 expansion includes significant improvements and efficiencies to the Company’s cultivation and processing systems. Enhancements including a fully automated irrigation system in the Phase 2 grow rooms, automated potting, fully automated waste destruction system and automated packaging lines mean immediate and ongoing cost savings as well as increased yields.

“We are seeing some harvest yields that are more than 400 grams per square foot a year and have witnessed the quality, density and size of flowers improve tremendously,” said Greg Engel, CEO, and “With these results we are revising our current production forecast estimates as well as those for our next expansion, set to break ground in April 2018, so that by early 2020 we will be producing over 110,000 kg/annum from fully funded operations.”

Click here to read the full press release.

Source: marijuanaindex.com