“Our industry has the potential to be a once in a generation opportunity for growth and economic development as we move towards a recreational marketplace,” said OrganiGram CEO Denis Arsenault. “We are from New Brunswick and we’re excited to invest at home.”
In a press release, the company stated it has plans for expansion into the recreational marketplace as the government moves toward legalization. Currently, licensed producers are only able to grow for medical purposes.
The funding comes from Opportunities NB, a government organization that provides support services to businesses in the province.
Opportunities NB will offer rebates of up to $8,761 for each new job created and maintained by OrganiGram, with the total value not to exceed $990,000.
OrganiGram is the only licensed producer in Atlantic Canada.