Zenabis License Amendment Increases in Annual Capacity 69%

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.