Venture Market News for December 7, 2018
- Organigram obtains $10M loan from Farm Credit Canada to continue to expand Moncton campus
Organigram Provides Facility Expansion Update
MONCTON, Dec. 7, 2018 /CNW/ – Organigram Holdings Inc. (TSX VENTURE: OGI) (OTCQX: OGRMF), the parent company of Organigram Inc. (the “Company” or “Organigram”), a leading licensed producer of cannabis, is pleased to announce it has secured a loan from Farm Credit Canada (“FCC”) in the amount of $10M, which will be used to finance the expansion of the Company’s Moncton campus. The debt is for a term of five years at a variable rate of interest, and currently at 6.70%. The debt is secured against certain assets of Organigram.
- Liberty Health Sciences Experiences a Significant Increase in Year-Over-Year Revenue and Provides Update on its Liberty 360 and Ohio Operations
TORONTO, Dec. 7, 2018 /CNW/ – Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF) www.libertyhealthsciences.com (“Liberty” or the “Company”), a provider of high quality cannabis, announced today that they experienced a significant increase in sales revenue in the quarter ended November 30, 2018 compared to the same period in the prior year. For the quarter ended November 30, 2018, revenue increased by 45% compared to the quarter ended August 31, 2018.
- Nutritional High Delighted by Grant of Conditional Approval of Green Therapeutics’ Dispensary License in Nevada
TORONTO, Dec. 07, 2018 (GLOBE NEWSWIRE) — Nutritional High International Inc. (“Nutritional High” or the “Company”) (CSE: EAT, OTCQB: SPLIF, FRANKFURT: 2NU) is pleased to announce that the Nevada-based Green Therapeutics LLC (“Green Therapeutics”) has successfully received conditional approval from the State of Nevada Department of Taxation, giving approval and granting Green Therapeutics a retail marijuana store license (the “License”) allowing it to operate a retail marijuana store within the Douglas County. The License is considered conditional, subject to all applicable local and State government requirements.
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