Organigram Holdings (TSXV:OGI) obtained a supply agreement with the Newfoundland and Labrador Liquor Corporation (NLC) for the recreational cannabis market in the province.
As quoted in the press release:
“We are pleased to have been accepted as a supplier to NLC,” says Greg Engel, Organigram’s Chief Executive Officer. “At Organigram, we are very proud of our Atlantic Canadian roots and the opportunities we have to offer our neighbours a broad choice of high-quality cannabis products.”
According to the terms of the agreement, Newfoundland and Labrador cannabis retailers will have access to almost 100 [percent]of Organigram’s entire product portfolio. Organigram will also play a role in the province’s e-commerce plans, allowing for consumers to order directly on-line.
“As we approach legalization, we look forward to working with both the NLC and private retailers across the province to help ensure the right tools are in place to offer consumers in Newfoundland and Labrador an exceptional consumer experience,” says Tim Emberg, Vice President of Sales and Commercial Operations, Organigram.