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Organigram Acquires Edibles Company To Tap Into Growing Demand

(Image: Evie Fjord on Unsplash)
Moncton-based medical and recreational cannabis producer Organigram is looking to strengthen its position in the growing edibles market with its new acquisition.
Organigram Holdings Inc., the parent company of Organigram Inc. has announced it has acquired all of the issued and outstanding shares of The Edibles & Infusions Corporation (EIC) for consideration of $22-million, plus up to an additional $13-million in shares payable upon the EIC business achieving certain earnout milestones.
The EIC acquisition will broaden Organigram’s edible product offerings and provides an operational footprint in Western Canada.
EIC was co-founded by AgraFlora Organics International Inc. and James Fletcher, who is the CEO of Cavalier Candies, one of Canada’s oldest confectionery companies. EIC constructed a purpose-built, highly-automated, 51,000-square-foot manufacturing facility located in Winnipeg, Manitoba. ....

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InterVivo Solutions Issued Institutional Cannabis Research License by Health Canada

InterVivo Solutions Issued Institutional Cannabis Research License by Health Canada
Toronto, Ontario (Newsfile Corp. - February 4, 2021) - InterVivo Solutions Inc. ( InterVivo or the Company ), a leading Canadian contract research organization providing preclinical
in vivo research services that enable the pharmaceutical and nutraceutical industries to develop new products and therapies for neuropsychiatric and neurological diseases, is pleased to announce that it has been issued an Institution-wide Research License from Health Canada under the Cannabis Act and Cannabis Regulations.
The Institution-wide Research License (IRL) enables InterVivo to conduct multiple studies across all departments at its research facility without the need to apply for study-specific research licenses. Essentially, InterVivo is now granted broad approval to research and develop all cannabis-based products across all of its translational drug discovery services. InterVivo s clients will b ....

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