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Organigram leans into THCV products with Phylos

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Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) is leaning into its THCV product line from Phylos Bioscience Inc. as the company provides more investment dollars while it ups the milestone goals. Organigram said it finished early partial funding of its final third tranche investment into Phylos, with the remaining portion of the final tranche to be funded upon completion of the newly expanded final milestone.

Organigram now wants Phylos to deliver 21 unique auto-flower seed varietals for testing and phenotyping by Organigram no later than September 30, 2024, followed by a second cohort of 21 auto-flower seed varietals to be delivered no later than January 31, 2025.

“We are pleased with the progress we’ve achieved to date and the benefits that have stemmed from this strategic investment. The continuous development and milestone achievements are instrumental in expanding and differentiating Organigram’s portfolio of seed-based cultivars, which are currently being scaled and have started to deliver tangible benefits to the organization,” says Borna Zlamalik, Senior Vice President, R&D and Innovation at Organigram.

THCV

THCV cannabis is characterized by inducing a more alert and energizing version of a cannabis high. It is sometimes called diet weed. Research has also shown that these cannabinoids may regulate blood sugar levels and reduce insulin resistance. Most cannabis strains only contain a trace amount of THCV and the THCV heavy strains have proven difficult to grow and process. The isolating process to achieve high THCV levels has been elusive for many growers.

Organigram said in a statement that it has exclusive rights in Canada (until May 2028) to commercialize THCV derived from Phylos’ cultivars, including Get S**T Done (1:3 THC: THCV) and Joyride (1:1 THC: THCV), two popular cultivars with THCV concentrations of 16+% that are higher than those available elsewhere in the market.

Organigram was one of the first cannabis producers to launch THCV products in Canada with SHRED’ems late last year. Organigram said it is currently the only cannabis producer in Canada to offer whole-flower derived THCV products in the pre-milled and pre-roll categories.

Organigram’s THCV portfolio includes:

  • SHRED Supersonic Citrus THCV pre-milled Flower
  • SHRED X Guava Lime Go-Time Heavies Infused Pre-rolls
  • SHRED’ems Guava Lime Go-Time 1:1 THCV: THC Gummies
  • SHRED’ems Pink Lemonade Yuzu 2:1 THCV: THC Gummies
  • Trailblazer Hustle n’ Haze THCV pre-rolls
  • Monjour Cherry Citrus Sunshine 8:3:1 CBD/THCV/THC Gummies

In addition to the auto-flower seeds, Organigram received an expanded genetics license from Phylos that, in addition to THCV, includes access to high-potency CBG, CBC, and CBDV seed-based cultivars.

Organigram has now advanced roughly $7 million to Phylos as a convertible loan funded in tranches. The balance of the third tranche, an additional $1 million, will be advanced to Phylos conditional upon completing the expanded milestone no later than March 31, 2026.

 



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Appeals court ruling deals blow to Cannabis Commission – Cannabis Business Executive

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Appeals court ruling deals blow to Cannabis Commission – Cannabis Business Executive – Cannabis and Marijuana industry news





























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Virginia lawmakers renew push for legal cannabis marketplace – Cannabis Business Executive

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Massachusetts regulators order single-lab testing to combat cannabis lab shopping

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Massachusetts regulators will require cannabis businesses to use a single laboratory for all compliance testing in an effort to prevent companies from shopping around for favorable test results.

The state’s Cannabis Control Commission voted 3-0 to require licensed businesses submit testing samples to one independent laboratory starting April 1, 2025, according to an administrative order advanced Thursday. The new rule is meant to close loopholes that some say have allowed companies to shop around for labs to juice their numbers for market share.

“This administrative order continues our mission of being a strong regulator,” Acting Executive Director Debbie Hilton-Creek said in a statement.

Under current rules, companies can split testing among multiple labs. The practice has led some facilities to report suspiciously high THC levels or overlook contamination to attract business.

The commission’s enforcement team said the changes would reduce risks of noncompliant products reaching consumers and improve audit capabilities. The move follows a November listening session in which testing concerns were raised, according to the announcement.

If an original testing lab needs to subcontract work, they must first obtain commission approval and demonstrate they are “incapable of performing certain required tests due to a hardship.” Labs also can only subcontract with one other facility at a time.

“The commission shall only approve subcontracting agreements when the Originating Independent Testing Laboratory is incapable of performing certain required tests due to a hardship relative to its facilities, instrumentation, personnel, or required consumable materials or in the event of an actual or potential conflict of interest,” according to the order.

Results must be uploaded to the state’s tracking system within 72 hours, with all certificates of analysis containing the complete testing results, including any subcontracted work, it said.

The commission will also begin publishing THC test results on its public data platform and establishing regular meetings with licensed laboratories to improve oversight.

The commission thus far has struggled to implement effective testing oversight. Earlier this year, the agency contracted with a private lab for a “secret shopper” program to verify retail products’ test results, Green Market Report previously reported. Unlike other major cannabis markets such as California and Colorado, Massachusetts lacks a state reference lab to independently verify commercial lab results.

Analysis of testing data by MCR Labs found that across multiple states, laboratories reporting higher THC concentrations tend to increase their market share while those reporting average failure rates lose business, according to Chemical & Engineering News.



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