OrganiGram Sells Out Before Shipping a Single Order


Ryan Allway

August 5th, 2014

News, Top Story


OrganiGram, a licensed producer of medical marijuana under Canada’s Marihuana for Medical Purposes Regulations (“MMPR”) program has positioned itself to become Atlantic Canada’s premier medical marijuana provider and one of the few publicly traded licensed producers alongside Tweed Inc. [stockquote symbol=TWD.CA] following its planned reverse merger transaction.

According to Global News, OrganiGram sold out of its product before it’s even shipped out a single order and plans to ship its first batch of the drug two weeks ahead of schedule. The company’s management team plans to capitalize on the high demand by hiring dozens more employees and expanding its operations to potentially generate $30+ million in revenue over the coming quarters.

OrganiGram’s merger target also announced a brokered private placement led by Jacob Securities Inc. to raise up to $3 million on the same terms as previously announced in June 2014. In addition to these efforts, management indicated that it may also elect to complete certain placements on a non-brokered basis in order to raise money to ultimately support OrganiGram’s growth initiatives.

OrganiGram is unique among other licensed producers due to its high quality, organic, condition-specific medical marijuana strains produced in secure and controlled facilities. The company should also be able to extend and pursue partnerships throughout North America and internationally due to permitted exports to approved countries, including some countries in Europe.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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