OrganiGram Signs Letter of Intent With Trauma Healing Centers
(Thomson Reuters ONE) -
MONCTON, N.B., Nov. 10, 2014 (GLOBE NEWSWIRE) -- OrganiGram Holdings Inc. (TSX-
V:OGI) (OTC US:OGRMF) ("OrganiGram" or the "Company") is pleased to announce
that through it's wholly-owned subsidiary, Organigram Inc., it has entered into
a binding letter of intent (the "Letter of Intent") with Trauma Healing Centers
Incorporated, pursuant to which OrganiGram will be the preferred supplier of
medical marijuana to Trauma Healing Centers' patients.
Under the terms of the LOI, OrganiGram will produce the specified strains of
medical marijuana requested by Trauma Healing Centers to treat its patients
suffering from Post-Traumatic Stress Disorder ("PTSD"). The LOI commits
OrganiGram to provide up to 1,500 kilograms of medical marijuana specifically
for Trauma Healing Centers' patients in 2015, increasing to 3,000 kilograms in
2016 and by 20% each year thereafter. The LOI covers a term of 10 years with an
option to extend by 5 years at the end of the initial term.
In addition, OrganiGram has agreed to collaborate with Trauma Healing Centers to
conduct research related to PTSD and the use of medical marijuana for treatment.
"We are extremely happy to finally be cementing this long-term relationship with
Trauma Healing Centers. The services Trauma Healing Centers provides to Canadian
Veterans and First Responders is extremely important and we are proud to be in a
position to assist in their mission," said Denis Arsenault, Chairman & CEO of
OrganiGram.
Trauma Healing Centers is in the process of opening 13 centers across Canada.
The first 4 centers are scheduled to open in Edmonton, Ottawa, Quebec and
Halifax Region in January 2015. An additional 9 centers are scheduled to open
across Canada by June 2015.
"Securing a consistent supply of the highest quality medicine for our patients
is a vital part to the services we provide at Trauma Healing Centers. We are
pleased that OrganiGram has guaranteed an ongoing supply of medicine for our
patients and we look forward to a long and successful partnership," said Kyle
Atkinson, President of Trauma Healing Centers.
About Trauma Healing Centers
Trauma Healing Centers strives to be a complete resource center, working to
improve the health and quality of life of first responders, citizens and their
families. Trauma Healing Centers is managed by a dedicated team of professionals
and veterans focused on healing patients suffering from PTSD, chronic pain and
illness through a multidisciplinary approach.
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 Marihuana
for Medical Purposes Regulations.
Please visit www.organigram.ca for more information.
On Behalf of the Board of Directors of OrganiGram,
Denis Arsenault
Director & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the 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 expectation. Important factors - including the
availability of funds, the results of financing efforts, the results of
exploration activities -- 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.
CONTACT: For further information please contact:
Brett Allan, Director of Investor Relations
OrganiGram Holdings Inc.
(416) 907-4148
brett(at)organigram.ca
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: OrganiGram Holdings Inc. via GlobeNewswire
[HUG#1870263]
Unternehmensinformation / Kurzprofil:
Datum: 10.11.2014 - 16:45 Uhr
Sprache: Deutsch
News-ID 351227
Anzahl Zeichen: 5408
contact information:
Town:
Moncton
Kategorie:
Business News
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"OrganiGram Signs Letter of Intent With Trauma Healing Centers"
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