Organigram Provides Update on Corporate Action Plan in Response to COVID-19 Pandemic
(WorldNews Business)

MONCTON, New Brunswick--(BUSINESS WIRE)--Apr 6, 2020-- Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc. (the `Company` or `Organigram`), a leading licensed producer of cannabis, today announced the temporary layoff of approximately 45 per cent of its workforce primarily to help boost COVID-19 containment efforts representing approximately 400 employees. `These are unprecedented and trying times,` says Greg Engel, CEO, Organigram. `Our priority right now is to make sound strategic decisions that are in the best interests of our people and which will contribute to the long-term sustainability of the Company.` Corporate Action Plan As a Canadian business,...