MONCTON, NEW BRUNSWICK--(Marketwired - Sept. 10, 2015) - OrganiGram Holdings Inc. (TSX VENTURE:OGI)(OTCQX:OGRMF) (the "Company") is pleased to announce the closing of its previously announced non-brokered $3,000,000 financing (the "Financing").

The first $1,000,000 of the Financing has been received from Duce Holdings, LLC ("Duce") and Denaco Group Ltd., a corporation in which Denis Arsenault, the Chief Executive Officer of the Company, is a director ("Denaco"). In exchange, Duce and Denaco have been issued subordinated secured debentures (the "Debentures") and 200,000 common share purchase warrants of the Company (the "Warrants").

The Debentures shall bear interest at 9% per annum and shall mature on September 1, 2017; the Debentures are secured with a subordinated charge over all of the Company's assets. The Debentures may be converted into common shares of the Company in certain limited circumstances. Each whole Warrant entitles the holder thereof to purchase one common share of the Company for $0.45 (subject to...