OrganiGram Holdings Inc. (NASDAQ:OGI) stock was up by more than 3% on announcing an expanded development of a proprietary technology that would support the production of liquid and powdered cannabinoid products. The technology leverages nano-emulsion to produce micro-droplets that are small and uniform.
OrganiGram Nano-Emulsion Technology
In a press release, the company has confirmed that the technology will allow the development of cannabis products with rapid and onset effect. The fact that the process bypasses a large part of metabolism should enhance the absorption of cannabis products into the bloodstream.
The unveiling of the new technology could not have come at a better time as Canada is gearing towards the legalization of edibles and beverage cannabis produces. The proposed technology should find great use on the development of cannabis-infused chocolate as OrganiGram eyes an array of edibles.
“This is an exciting time for cannabis product development. We know that predictability and reliability are important to adult consumers of cannabinoid-infused products. We also believe that a powder additive will offer consumers a unique and differentiated offering, along with convenience and discretion,” explained CEO Greg Engel.
In addition to developing edibles, OrganiGram stock is exploring the possibility of inking a strategic partnership as it seeks to expand its footprint into the production of cannabis-infused beverage products. With the drive, the company is seeking to make good use of cannabis liquid formulation it develops.
In June OrganiGram received approval from Health Canada to operate 17 additional cannabis cultivation rooms. The approval should allow the company to achieve 14,000kg of increased production capacity. With the increase, the company should be able to ramp up production of cannabis edibles as well as beverages to cater to the growing market demand.
The expansion drive underscores ongoing growth as the company continues to pursue growth opportunities in the cannabis marketplace. It thus does not come as a surprise that OrganiGram stock has started edging higher after a period of consolidation in recent months.
The stock has gained over 15% in the past week. Sign-up for continuing coverage on shares of $OGI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $OGI, either long or short, and we have not been compensated for this article.