Organigram Gets License for Phase 3 Expansion

Organigram Holdings (TSXV:OGI; OTCQB:OGRMF) announced it received a cultivation license from Health Canada related to its previously announced Phase 3 expansion.

As quoted in the press release:

The scope of the amendment includes approval of the following:

• The entire perimeter of the expanded facility, approximately 40,000 sq ft;
• The first six of Organigram’s new 16 three-tier cultivation rooms in the Phase 3 expansion; and
• Refined functional design on an already improved Phase 2 design including slightly higher grow rooms and the location of HVAC units entirely on the outside of the rooms for enhanced ergonomics and improved airflow.

As a result of this approval, cannabis plants will be moved into these new rooms on a rolling basis beginning on June 6, 2018. The Company will be able to begin staggered harvests from these new rooms by the first week in August. The remaining ten Phase 3 rooms are expected to come online on or before June 30, 2018 in stages pending Health Canada approval.

Click here to read the full press release.

Source: www.newswire.ca