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    cannabis investing

    Zenabis License Amendment Increases in Annual Capacity 69%

    Danielle Edwards
    Dec. 16, 2019 11:13AM PST
    Market News

    Zenabis Global will add an additional 39,400 kg of annual cultivation capacity with the receipt of a license amendment for Zenabis Langley.

    Zenabis Global (TSX:ZENA) will add an additional 39,400 kg of annual cultivation capacity with the receipt of a license amendment for Zenabis Langley Part 2A.

    Aa quoted in the press release:

    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.

    Click here to read the full press release.

    zenabis globalcannabis investingtsx:zena
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