VANCOUVER, Sept. 23, 2019 /CNW/ – Zenabis Global Inc. (TSX:ZENA) (“Zenabis” or the “Company“) is pleased to announce the licensing of Phase 2C – Part 2 at Zenabis Atholville for an additional 3,000 kg of licensed annual cultivation capacity.
- The amendment received September 20, 2019 adds 3,000 kg of licensed annual cultivation capacity at Zenabis Atholville;
- This amendment increases Zenabis’ total licensed annual cultivation capacity from 54,000 kg to 57,000 kg of dried cannabis, and Zenabis Atholville licensed annual cultivation capacity from 43,300 kg to 46,300 kg of dried cannabis; and
- This amendment increases licensed operating space from the existing 295,200 square feet at Zenabis Atholville to 380,000 square feet.
Andrew Grieve, Chief Executive Officer of Zenabis, stated,
“The receipt of the Phase 2C – Part 2 license amendment is the final key license amendment for Zenabis Atholville. In nine months, we have increased the licensed annual cultivation capacity of Zenabis Atholville from less than 6,000 kg to 46,300 kg of dried cannabis. This result would not have been possible without the tireless work of our licensing and construction teams, who delivered this project substantially on time and under budget. Our Zenabis Atholville licensing and construction teams are currently focused on completing the Zenabis Langley Site A – Phase 2 conversion.”
Zenabis is a significant Canadian licensed cannabis cultivator of medical and recreational cannabis, and a propagator and cultivator of floral and vegetable products. Zenabis employs staff coast-to-coast, across facilities in Atholville, New Brunswick; Delta, Aldergrove, Pitt Meadows and Langley, British Columbia; and Stellarton, Nova Scotia. In addition to gaining technologically advanced knowledge of plant propagation, the recent addition of state-of-the-art greenhouses in Langley, Pitt Meadows and Aldergrove provides Zenabis with 3.5 million square feet of facility space that can, if fully converted, be dedicated to cannabis production.
If all facility space at Zenabis Atholville, Zenabis Stellarton and Zenabis Langley is fully converted and dedicated to production, Zenabis will own, and have access to 635,000 square feet of high quality indoor cannabis production space, as well as 2.1 million square feet of greenhouse cannabis production space at its Langley facility, with this production strategically positioned on Canada’s coasts. Zenabis expects these facilities to have an annual design capacity of 143,200 kg of dried cannabis under its existing capital plan. These facilities, if fully built out and converted for cannabis production, would have an annual design capacity to yield approximately 490,800 kg of dried cannabis annually, for both national and international market distribution. An additional 700,000 square feet of greenhouse space will be used to continue the existing propagation business and produce industrial hemp, and can be converted to cannabis production at such a time that is beneficial to the strategic position of the Company. The Zenabis brand name is used in the cannabis medical market, while the Namaste and Blazery brand names are used in the cannabis adult-use recreational market, and the True Büch brand name is used for Zenabis’ kombucha products.
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