Replies to post #7840 on OrganiGram Holdings Inc (OGI)

[Etailer]

Nice report, looks like OGI is positioning itself nicely.

[john1311]

Germany Is Looking for Its First-Ever (Legal) Pot Growers

Germany’s leap into homegrown medical marijuana is nothing if not orderly.

The government is moving to assure a local supply of the drug by giving out grower contracts for 10,400 kilograms (22,928 pounds) of pot over the next four years. The Federal Institute for Drugs and Medical Devices’s so-called Cannabis Agency will choose between 79 bidders from growers by the end of June, the agency said on Monday.

Germany has relied on imports from the Netherlands and Canada since it legalized medical marijuana in March 2017. Now it’s aiming for the first local harvest by the end of next year.

https://www.bloomberg.com/news/articles/2019-01-28/german-cannabis-office-seeks-local-growers-to-secure-pot-harvest?srnd=premium-europe


OrganiGram is in Germany:

Investment in Alpha-Cannabis Germany - on October 17, 2018 the Company announced a definitive agreement whereby the Company makes a €1.625 million (approximately $2.44 million CAD) investment in Alpha-Cannabis Germany paid in cash with another €875,000 (approximately $1.35 million CAD) payable in the form of Organigram shares on the achievement of certain milestones.