Press Release Details

View all news

Organigram Completes Acquisition of Trauma Healing Centers

June 01, 2017

 

June 1, 2017 – Moncton, NB - Organigram Holdings Inc. - (TSXV:OGI)(OTCQB:OGRMF) (“Organigram” or the “Company”) is pleased to announce the finalized acquisition of Trauma Healing Centers Incorporated (“THC”) with a final transaction date of June 1, 2017. "We are excited to complete the formal acquisition process and look forward to continuing our working relationship with THC and their staff” said Greg Engel, CEO of Organigram. "Over the past two years, both companies have worked very well together and we’re excited to further our work in supporting medical cannabis patients across Canada”. 

Trauma Healing Centers currently services over 3,500 patients across seven Canadian locations with plans to open seven more locations. “The relationship with Organigram will allow us the resources and expertise to increase our footprint and offer support to more potential patients across Canada” said Kyle Atkinson, President of Trauma Healing Centers. “Our strategic vision for Trauma Healing Centers is very much based on aggressive expansion, and we feel Organigram is the perfect partner to help us achieve this goal.” 

As previously communicated, THC will join the Organigram group thereby consolidating two leading medicinal cannabis players within the industry. THC will continue to operate independently by providing referrals based on client need to any licensed producer in Canada. 

The finalized agreement consists of the issuance of 719,425 common shares of Organigram at a deemed value of $2.78 per share. 

For more information about Trauma Healing Centers visit www.traumahc.com

For more information visit www.organigram.ca

For further information, please contact:

Organigram Holdings Inc. 
Greg Engel 
Chief Executive Officer 
gengel@Organigram.ca 


Organigram Holdings Inc. 
Giselle Doiron 
Director of Investor and Media Relations 
(506) 801-8986 

Consulter toutes les nouvelles