Organigram appoints VP, International Business Development, prepares for international growth
24 10월 2017 - 4:28AM
As international markets continue to look to Canada as a global
standard bearer of cannabis production and policy, Organigram
Holdings Inc. (TSX VENTURE:OGI) (OTCQB:OGRMF) (the
“
Company” or “
Organigram”), a
leading licensed producer of medical marijuana based in Moncton,
New Brunswick, is pleased to announce the appointment of Larry
Rogers as the company’s Vice President (VP) of International
Business Development. Mr. Rogers will assume his new role effective
today.
“As the global community becomes
increasingly interested in cannabis, from both a medical and
recreational point of view, Organigram is ready to explore
international opportunities and develop positive, productive and
profitable relationships around the world,” says Greg Engel, CEO,
Organigram. “With the benefit of his experience and expertise,
Larry is central to our efforts to identify these opportunities and
introduce Organigram to the global stage.”
Mr. Rogers has worked with Organigram in roles
including member of the Board of Directors, Chief Operating Officer
and VP, Business Development and Special Projects since 2014. Mr.
Rogers also brings an international perspective to his new role
with Organigram, having spent six years working for a Swiss private
equity firm with offices in Western Europe, Asia and North
America.
“I look forward to working with the Organigram
team in this new capacity,” says Mr. Rogers. “The cannabis industry
offers us tremendous opportunities to apply our homegrown talent,
innovation and resources to new markets. My goal is to build on an
already dynamic business and help establish Organigram as a global
leader.”
Mr. Rogers was also the Chief Executive Officer
and co-founder of CLS Lexi-tech Ltd., Canada’s largest private
language service provider. Under his leadership, the company grew
over 400% having 325 employees throughout the world. Mr.
Rogers began his career in the information technology field, before
going on to play a key role in the creation and growth of Lexi-tech
International Inc., first as Vice-President Operations then as
President from 2001.
Further, the Company announces that subject to
the approval of the TSX Venture Exchange (the
“TSXV”), the Company shall issue 10,000 Common
Shares in the capital of Organigram to 9250-5999 Québec Inc.
pursuant to a Consultant Agreement whereby the Consultant provided
consulting and advisory services in respect to the cultivation of
marijuana and related matters, as previously disclosed on August 9,
2017. The Common Shares will be issued at a price of $2.87
per share. Any issuance of shares will be subject to applicable
hold periods required under securities laws.
About Organigram Holdings
Inc.
Organigram Holdings Inc. is a TSX Venture
Exchange listed company whose wholly owned subsidiary, Organigram
Inc., is a licensed producer of medical marijuana in Canada.
Organigram is focused on producing the highest quality, condition
specific medical marijuana for patients in Canada. Organigram's
facility is located in Moncton, New Brunswick and the Company is
regulated by the Access to Cannabis for Medical Purposes
Regulations (“ACMPR”).
Organigram has been ranked in the top ten Clean
Technology & Life Sciences Sector on the TSX Venture Exchange
50.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains forward-looking
information which involves known and unknown risks, uncertainties
and other factors that may cause actual events to differ materially
from current expectations. Important factors - including the
availability of funds, consummation of definitive documentation,
the results of financing efforts, crop yields - that could cause
actual results to differ materially from the Company's expectations
are disclosed in the Company's documents filed from time to time on
SEDAR (see www.sedar.com). Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. The Company disclaims any
intention or obligation, except to the extent required by law, to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
For more information, visit
www.Organigram.ca
For further information, please contact:
Organigram Holdings Inc. Giselle Doiron Director of Investor and
Media Relations(506) 801-8986
Organigram Holdings Inc.Greg EngelChief Executive
Officergengel@organigram.ca
OrganiGram (TSX:OGI)
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