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Origin House (CNSX:OH) President Discusses Recent Hostile Takeover Attempt and Shareholder Confidence
Origin House (CNSX:OH) (OTCMKTS:ORHOF) (FRA:CY4) President and General Counsel Afzal Hasan shares details of a recent hostile takeover attempt and reveals how some Origin House shareholders have responded in defense of the company. 26 percent of Origin House shareholders signed an agreement reiterating their commitment to the direction of the company and belief in its vision. The company hopes the agreement will signal the strength of Origin House to other players in the space. Hasan addresses the difficulties cannabis companies face in California with regards to the lingering illicit market and the repercussions of price rationalization. Origin House’s distribution expertise provides protection from the inevitable lowering of cannabis prices, which have already impacted cannabis companies operating in states like Washington. Origin House is focused on driving incremental and organic growth, as well as expanding its California footprint in 2019.