Sunday, June 1, 2025

Latest

Organigram Signs Israeli Cannabis Supply Agreement With Canndoc

Organigram Holdings (TSX: OGI) (NASDAQ: OGI) this morning announced that it has entered a supply agreement with Canndoc, one of the largest Israeli medical cannabis producers. The agreement is for a period of two years, and is for the supply of dried cannabis flower.

Financial details related to the announcement were slim, with the company instead identifying that the supply agreement is for a guaranteed 3,000 kilograms of dried flower product, to be delivered by December 31, 2021. Canndoc also has the option to purchase up to an additional 3,000 kilograms during the allotted time period.

In terms of dollar value, Organigram stated, “The agreement provides for a tiered pricing scheme and the exact value will vary depending on factors such as potency and product mix.” As such, a final figure for the large international order is not known, nor is relative pricing of product. The agreement does however enable Organigram to launch branded medical products within Israeli and European markets via Canndoc, with exclusivity and such rights being awarded to Canndoc for a period of 7.5 years.

Canndoc is a subsidiary of InterCure Ltd, the first licensed medical cannabis operator to list on the Tel Aviv Stock Exchange.

Organigram Holdings last traded at $2.03 on the Nasdaq.


Information for this briefing was found via Sedar and Organigram Holdings. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Wesdome Gold Q1 Earnings: Cash Flow Is King!

Solaris Resources: The Royal Gold Financing Package

How a Single Deal Turned 2 ‘Dead’ Mines into a $2B Project | Canadian Copper PEA – Simon Quick

Recommended

Brazil Potash Completes Site Prep For Port Terminal

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Related News

Organigram Earnings: Canaccord Raises Target While Others Cut

On April 13th, Organigram Holdings (TSX: OGI) (NASDAQ: OGI) reported their second fiscal quarter for...

Thursday, April 15, 2021, 11:44:00 AM

Organigram Posts Revenues Of $19.3 Million, Loss Of $34.3 Million In Q1 2021

Organigram Holdings (TSX: OGI) (NASDAQ: OGI) this morning reported its first quarter 2021 financial results...

Tuesday, January 12, 2021, 07:38:40 AM

Organigram: Consensus Analyst Estimates For Q2 2021

Organigram Holdings (TSX: OGI) (NASDAQ: OGI) will be reporting their fiscal second quarter on April...

Saturday, April 10, 2021, 01:35:00 PM

Organigram, Delta 9 to Move to Toronto Stock Exchange

Organigram Holdings (TSXV: OGI) (NASDAQ: OGI) and Delta 9 Cannabis (TSXV: DN) both announced this...

Thursday, August 8, 2019, 09:20:13 PM

Organigram Sees BAT Plan To Increase Stake To 45% With $124 Million Investment

While Canopy Growth (TSX: WEED) may have lost the interest of its major investor Constellation...

Monday, November 6, 2023, 09:04:39 AM