Zenabis Announces Receipt of License Amendment of Zenabis Langley for 96,400 kg Total Annual Capacity

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VANCOUVER, Dec. 16, 2019 /CNW/ – Zenabis Global Inc. ( TSX:ZENA) (“Zenabis” or the “Company“) is pleased to announce the receipt of the license amendment for Zenabis Langley Part 2A, representing an additional 39,400 kg of licensed annual cultivation capacity. 

Highlights:

  • The amendment received on December 13, 2019 adds 39,400 kg of licensed annual cultivation capacity at Zenabis Langley; 
  • This amendment increases Zenabis’ total licensed annual cultivation capacity by 69% from 57,000 kg to 96,400 kg of dried cannabis, and Zenabis Langley licensed annual cultivation capacity from 9,900 kg to 49,300 kg, an increase of approximately 400%; 
  • This amendment increases licensed operating space from the existing 99,000 square feet at Zenabis Langley to 200,300 square feet; and 
  • Zenabis has reached substantial completion on Zenabis Langley Part 2B (14,800 kg of annual cultivation capacity) and intends to submit a license amendment for this phase before the end of 2019.

“We are extremely pleased to receive this license amendment for Zenabis Langley,”

said Kevin Coft, Chief Executive Officer of Zenabis.

“Year to date we have increased our licensed annual cultivation capacity by more than 1,500%, from approximately 6,000 kg in January 2019 to 96,400 kg today. With our first harvest complete at Zenabis Langley, we are excited to have more space licensed at this facility that can be utilized to cultivate additional high-quality cannabis for our customers.” 

About Zenabis

Zenabis is a significant Canadian licensed 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. Zenabis currently has 57,000 kg of licensed cannabis cultivation space across four licensed facilities. Zenabis has 3.5 million square feet of total facility space dedicated to a mix of cannabis production and cultivation and its propagation and floral business.

Zenabis expects its Zenabis Atholville, Zenabis Stellarton and Zenabis Langley facilities to have a licensed annual production capacity of 143,200 kg of dried cannabis by the second quarter of 2020. The Zenabis brand name is used in the cannabis medical market, the Namaste, Blazery, and Re-Up brand names are used in the cannabis adult-use recreational market, and the True Büch brand name is used for Zenabis’ kombucha products.

For more information, visit: www.zenabis.com 

This article is written and published by The Cannabis Stock


Disclaimer : The Cannabis Stock wants to promote the cannabis market with the best articles and news 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.

The Cannabis Stock and its employees may from time to time own shares of the companies named in the articles. All the facts reported by the cannabis stock are information that comes directly from the companies, from their website or on Sedar and are only published as information.

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