Organigram Investing $15M in Chocolate Cannabis Production Facility
Organigram Holdings (TSX VENTURE: OGI) (OTCQX: OGRMF) is betting big on adult-use cannabis edibles with investing in a fully-automated production line having the ability to produce chocolate cannabis edibles.
The parent company of licensed producer of cannabis Organigram unveiled plans to invest $15 million in the production line that could produce an estimated 4 million kilograms of chocolate cannabis edibles per year.
The company expects to take delivery of the line in the fall.
Chocolate Innovations in Cannabis
The move suggests that Organigram is positioning itself to compete within the expected largest cannabis edibles segment.
The production line is expected to allow Organigram’s product development team to introduce chocolate innovations unique not only to the cannabis industry but to the chocolate industry as a whole, according to a company’s statement.
“With this investment, we will soon also be known for our world-class chocolate production capability,” Greg Engel, the CEO, Organigram, states.
The investment will contribute to a state-of-the-art chocolate moulding line and a fully integrated packaging line that includes advanced engineering, robotics, high-speed labeling and automated shipping carton packing.
“We continually look for opportunities to lead,” Engel says, noting that “leadership begins with creativity and curiosity and ends when we have a portfolio of novel products that delight our customers.”
Organigram is focused on producing indoor-grown cannabis for patients and adult recreational consumers in Canada, as well as developing international business partnerships to extend the company’s global footprint. The company has also developed a portfolio of legal adult use recreational cannabis brands and is regulated by the Cannabis Act and the Cannabis Regulations of Canada.
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