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Organigram will supply 600 kg of cannabis flower per year to 4C LABS

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Organigram will supply 600 kilograms of cannabis flowers per year to 4C LABS, the Canadian company announced in a press release. The agreement, published yesterday, also provides for the granting of rights to use Organigram's genetic lineage in the United Kingdom and in the Channel Islands by 4C Labs. With this agreement, Organigram consolidates its global expansion strategy, which already includes supply agreements with Israel, Australia and Germany.

A Organigram Holdings Inc, a cannabis producer listed on Nasdaq and the Toronto Stock Exchange announced an agreement to supply cannabis flowers to the company 4C LABS, a UK company active in the field of virtual prescribing, pharmaceutical distribution and clinical development of cannabis-based products for human health.

According to the terms of the agreement, announced by Organigram's press release, it will be responsible for supplying approximately 600 kilos of dried cannabis flowers, grown indoors, to 4C LABS. The agreement also provides for the possibility of granting 4C LABS exclusive use of Organigram's genetic lineage within the geographic boundaries of the United Kingdom and the Channel Islands. However, the requirement for this concession to take place will depend on compliance with the minimum purchase commitments.

“Medical cannabis has been legal in the UK since 2018. However, due to significant increases in energy costs when compared to Canada, it limits access to consistent, high-quality products in this market, making importing medical cannabis a attractive option for this growing market,” says Beena Goldenberg, CEO of Organigram. "We are excited to partner with 4C LABS to increase access to medical cannabis for UK patients."

In turn, Greg Dobbin, CEO of 4C LABS, emphasized the company's commitment to offering superior quality products, competitive prices and excellence in service, stating that the arrival of Organigram products in the United Kingdom is seen as an important step to meet to the growing needs of patients.

The agreement is subject to compliance with all applicable laws, including obtaining the necessary approvals from Health Canada, the UK Healthcare Products and Medicines Regulatory Agency and other relevant regulatory authorities.

 

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[Disclaimer: Please note that this text was originally written in Portuguese and is translated into English and other languages ​​using an automatic translator. Some words may differ from the original and typos or errors may occur in other languages.]

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