SEATTLE, WA--(Marketwired - Jan 11, 2017) - CFN Media Group ("CFN Media"), the leading agency and digital media network dedicated to legal cannabis, today announced publication of an article and exclusive CEO interview detailing OrganiGram Holdings, Inc.'s (OTCQB: OGRMF) (TSX VENTURE: OGI) recent developments and plans for future expansion.
Prime Minister Justin Trudeau's election in October 2015 put Canada on a path to legalize both medical and recreational cannabis on a federal level. Over the next 12-18 months, the government is expected to update the Access to Cannabis for Medical Purposes Regulations (ACMPR) to address both medical and recreational cannabis and pass legislation to create a market that some analysts believe could be worth $4.5 billion by 2021.
OrganiGram is ramping up production to capitalize on the new market opportunities as an existing licensed producer of medical marijuana. The company's current production capacity is approximately 4,200 kilograms per year, while financing is already in place to expand to 26,000 kilograms per year by the end of 2017. The active expansion includes a 15,000 square foot extract processing facility that could prove instrumental as the recreational market evolves and consumer preferences shift from dried cannabis to edibles, tinctures, and other cannabis consumables. With a focus on capital efficiency and certified organic product, the company is well positioned to become a leader in the space as the recreational market unfolds.
OrganiGram plans to drive demand for its cannabis and related products through a series of branding initiatives targeting the recreational market. In the executive interview, CEO Denis Arsenault discusses these initiatives, the ongoing expansion, and what sets the company apart in the burgeoning legal cannabis industry.
Please follow the link to read the article and watch the interview: http://www.cannabisfn.com/organigram-ogrmf-gears-up-for-recreational-legalization/
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