April 6 (Reuters) - OrganiGram Holdings Inc OGI.TO :
* ORGANIGRAM PROVIDES UPDATE ON CORPORATE ACTION PLAN IN RESPONSE TO COVID-19 PANDEMIC
* ANNOUNCED TEMPORARY LAYOFF OF ABOUT 45 PER CENT OF ITS WORKFORCE
* TEMPORARY LAYOFFS WERE INITIATED ON MARCH 24, 2020
* CO HAS OFFERED VOLUNTARY LAYOFFS TO CERTAIN STAFF AND THOSE THAT ACCEPTED MADE UP MAJORITY OF LAYOFFS
* ORGANIGRAM HOLDINGS - LUMP-SUM PAYMENTS WILL BE PAID TO AFFECTED EMPLOYEES TO HELP BRIDGE GAP TO AVAILABLE GOVERNMENT PROGRAMS
* EXPECT TO LAUNCH EDISON + PAX ERA® DISTILLATE VAPE CARTRIDGES IN CALENDAR Q2 2020 ACROSS COUNTRY
* COMPANY WILL ABSORB EMPLOYEE PAID PORTION OF HEALTH, DENTAL AND SHORT-TERM DISABILITY PREMIUMS FOR ALL EMPLOYEES