Zenabis Increases Licensed Capacity in New Brunswick

Zenabis Global (TSXV:ZENA) announced and amendment to the licensing at its Atholville, New Brunswick facility for an additional 3,200 kilograms of cannabis cultivation capacity.

As quoted in the press release:

“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 [kilograms] to 13,400 [kilograms], and we have an additional 9,800 [kilograms] 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 [kilograms] 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.”

Click here to read the full press release.