Organigram Holdings Inc. (TSX.V: OGI) (OTCQB: OGRMF) will jointly develop an industry leading method of microwave extraction of cannabinoid extracts from marijuana plants with the New Brunswick Innovation Research Chair in Medical Technologies (NBIRC), an initiative of the New Brunswick Innovation Fund (NBIF), it was announced Wednesday. A memorandum of understanding between Organigram Holdings Inc. and NBIRC details the project which will focus on developing a more efficient manner of extracting cannabinoids for use in extracts and edibles.
The project will be led by Dr. J. R. Jocelyn Paré, holder of the NBIRC, the inventor of various Microwave-Assisted Processes forming a portfolio of 12 patents. Paré is a researcher at the Atlantic Cancer Research Institute (ACRI) and his current focus is in the use of microwaves for the selective ablation of tumors.
Consistent with the company’s objective of continuous innovation, this project will aim to drive down production costs resulting in higher quality and more accessible medical cannabis products for patients.
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About Organigram Holdings Inc.
Organigram Holdings Inc. is a TSX Venture Exchange listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of medical marijuana in Canada. Organigram is focused on producing the highest quality, condition specific medical marijuana for patients in Canada. Organigram’s facility is located in Moncton, New Brunswick, and the Company is regulated by the Access to Cannabis for Medical Purposes Regulations (“ACMPR”). Organigram has been ranked in the Top 10 Clean Technology & Life Sciences Sector on the TSX Venture Exchange 50. For more information on Organigram Holdings Inc. visit: www.organigram.ca
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