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Stock impact report

Organigram Receives Health Canada's Final Redetermination on Jolts [Yahoo! Finance]

Organigram Holdings Inc. - Common Shares (OGI) 
Last organigram holdings inc. - common shares earnings: 1/14 04:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
strong evidence supporting its classification as an ingestible extract, it has received a final redetermination from Health Canada that its patented Edison Jolts lozenge products (the "Products") are to be classified as edible cannabis. The final redetermination follows the August 2023 decision of the Federal Court of Canada (the "Court") to grant Organigram's application for judicial review of a decision of Health Canada determining that the Products are to be classified as edible cannabis. The Court found there was a breach of procedural fairness by Health Canada and the matter was then remitted back to Health Canada for redetermination taking the Court's reasons into consideration. "We are disappointed with the outcome of Health Canada's further review of our Jolts product," said Beena Goldenberg, CEO of Organigram. "Our patented Jolts lozenge was launched over two years ago following significant research and development and was specifically designed to appeal to consumers look Show less Read more
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