OrganiGram Holdings Inc (OGI)

[SVX95]

Organigram Announces Issuance of Stock Options

Marketwired MarketwiredMarch 14, 2017
MONCTON, NEW BRUNSWICK--(Marketwired - Mar 14, 2017) - Organigram Holdings Inc. (TSX VENTURE:OGI)(OGRMF) ("Organigram" or the "Company") announces that it has issued an aggregate of 1,500,000 incentive stock options to Greg Engel, a director of the Company and the Company's Chief Executive Officer, at an exercise price of $2.36 per share.

In accordance with Mr. Engel's employment contract, (i) 266,666 of the Options shall vest on March 13, 2018; (ii) 266,667 of the Options shall vest on March 13, 2019; and (iii) 266,667 of the Options shall vest on March 13, 2020.

Additionally, 350,000 stock options shall vest upon the common shares of the Company trading at a price at or greater than $4.76/share; and, 350,000 stock options shall vest upon the common shares of the Company trading at a price at or greater than $7.14/share. In each instance, the common shares of the Company must trade at or greater than the price set forth above for a period of not less than 20 consecutive trading days.

All of the above-mentioned options have been granted pursuant to the Company's Stock Option Plan which has been previously approved by the Company's shareholders and the TSX Venture Exchange. In accordance with the Plan, all such options shall expire 10 years after issuance.