Zenabis Announces Increase in Licensed Capacity by More Than 30% and Provides Date for Next Operational Update

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VANCOUVER, May 13, 2019 /CNW/ – Zenabis Global Inc.  (TSXV:ZENA.V – News(“Zenabis” or the “Company“) is pleased to announce the licensing of Phase 2A at its Zenabis Atholville facility (an additional 3,200kg of cannabis cultivation capacity) and disclose the date of its next operational update: May 21, 2019 (for the month of April 2019).

Phase 2A Licensing Amendment

  • Amendment received May 10, 2019 added 3,200 kg of licensed cultivation capacity at its indoor Zenabis Atholville facility;
  • This amendment increases total Zenabis licensed cultivation capacity by more than 30%, from 10,200 kg to 13,400 kg, and Zenabis Atholville licensed cultivation capacity from 9,300 kg to 12,500 kg; and
  • This amendment increases licensed operating space from the existing 136,800 square feet at Zenabis Atholville to 174,900 square feet.

“We are pleased to announce this most recent license amendment, which demonstrates that we are maintaining our timelines from a construction and licensing standpoint,” stated Andrew Grieve, Chief Executive Officer of Zenabis. “Since the creation of Zenabis in January of 2019, we have more than doubled our licensed cultivation capacity from approximately 6,000 kg to 13,400 kg, and we have an additional 9,800 kg of cultivation capacity at Zenabis Atholville submitted and awaiting licensing approval. We are currently converting facility space for cultivation and production that will add 108,100 kg of cultivation capacity once licensed. Construction and conversion completion dates for this cultivation capacity are scheduled between June and the third quarter of 2019. As always, we would like to thank our regulatory affairs and production teams for their rapid progress. As a result of their efforts, we are currently achieving our target construction and licensing timelines for both our Zenabis Atholville and Zenabis Langley facilities.”

Date of Next Operational Update

Zenabis will provide its next operational update on May 21, 2019 (for the month of April 2019). This update will include the actual harvest weight for Zenabis Atholville for April 2019, the monthly Performance Ratio for Zenabis Atholville for 2019, and an update on construction and licensing progress for all relevant facilities (Zenabis Atholville, Zenabis Langley, Zenabis Pitt Meadows, Zenabis Aldergrove, and Zenabis Delta).

Source Zenabis news HERE

This article is written and published by The Cannabis Stock

Disclaimer : The Cannabis Stock wants to promote the cannabis market with the best publication on the market. The Cannabis Stock does not recommend selling or buying any of the company mentioned and is not responsible for any losses that may result.

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