Zenabis Global Inc. is a Canadian

medical Medicine is the science and practice of caring for a patient, managing the diagnosis, prognosis, prevention, treatment, palliation of their injury or disease, and promoting their health. Medicine encompasses a variety of health care practic ...

and

recreational marijuana Recreational drug use indicates the use of one or more psychoactive drugs to induce an altered state of consciousness either for pleasure or for some other casual purpose or pastime by modifying the perceptions and emotions of the user. When a ...

producer.

History

Zenabis was originally known by the name of International Herbs Medical Marijuana Ltd. and was co-founded by Monty Sikka & Mark Catroppa. Originally setup as a pump and dump scheme. in which the owners are well known for; fortunately the dump did not materialize and the company remains at -69,000/yr in annual income. It purchased its first facility in 2014 in

New Brunswick New Brunswick (french: Nouveau-Brunswick, , locally ) is one of the thirteen provinces and territories of Canada. It is one of the three Maritime provinces and one of the four Atlantic provinces. It is the only province with both English and ...

, and received a cultivation license from

Health Canada Health Canada (HC; french: Santé Canada, SC)Health Canada is the applied title under the Federal Identity Program; the legal title is Department of Health (). is the Structure of the Canadian federal government#Departments, with subsidiary unit ...

in 2017. Zenabis received its sales license for dried marijuana from Health Canada in 2018, and received its license to sell

cannabis oil Hash oil or cannabis oil, is an oleoresin obtained by the extraction of cannabis or hashish. It is a cannabis concentrate containing many of its resins and terpenes – in particular, tetrahydrocannabinol (THC), cannabidiol (CBD), and other ca ...

in March 2019. In January 2019 Zenabis’s parent company Sun Pharm completed a reverse take-over of Bevo Agro Inc., leading to the two firms operating under the banner of Zenabis Global Inc. The company was traded on the

TSX The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in t ...

under the

ticker symbol A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. In short, ticker symbols are arrangements of symbols or characters (generally Latin letters ...

ZENA. Shai Altman was the President and CEO of Zenabis Inc until its acquisition by HEXO Corp.

Production and distribution

The company distributes medical marijuana in Canada and has agreements to provide recreational marijuana in British Columbia, Alberta, Saskatchewan, Quebec, Nova Scotia, New Brunswick, Manitoba, Prince Edward Island, and the Yukon. Zenabis has a 380,000 square foot cultivation and processing facility in

Atholville, New Brunswick Atholville is an unincorporated community in Restigouche County, New Brunswick, Canada. It held village status prior to 2023. The first inhabitants of the area were the ''Mi'kmaq'' who settled there in the 6th century BC and were then called '' ...

, which was one of the largest indoor cannabis cultivation facilities in Canada as of 2019. It also has licensed facilities in

Delta, British Columbia Delta is a city in the Lower Mainland region of British Columbia, Canada, as part of Greater Vancouver. Located on the Fraser Lowland south of Fraser River's south arm, it is bordered by the city of Richmond on the Lulu Island to the north, N ...

and

Stellarton, Nova Scotia Stellarton is a town located in the Canadian province of Nova Scotia. It is adjacent and to the south of the larger town of New Glasgow. In pioneer times the area was called Coal Mines Station, and from 1833 until 1889, it was known as Albion Min ...

. Zenabis also has a 2.1 million square foot greenhouse facility in Langley, British Columbia, which it plans to convert to cannabis production upon licensing approval. As of early 2019, the company had 3.5 million square feet in production capacity, with an annual potential production of 479,700 kg of dried cannabis. In addition to its own cultivation operations, Zenabis also partners with micro-cultivators to produce craft cannabis products, which will be sold under the Founders Reserve brand. In 2019 Zenabis became a medical marijuana supplier for

Shoppers Drug Mart Shoppers Drug Mart Inc. (named Pharmaprix in Quebec) is a Canadian retail pharmacy chain based in Toronto, Ontario. It has more than 1,300 stores in nine provinces and two territories. The company was founded by pharmacist Murray Koffler in 1962 ...

. The first product that will be supplied is dried cannabis, which will be followed by cannabis oil, to be sold online. Zenabis has also been involved in launching a marijuana professional program at

Kwantlen Polytechnic University Kwantlen Polytechnic University (KPU) is a public degree-granting undergraduate polytechnic university in British Columbia, Canada, with campuses in Surrey, Richmond, Cloverdale, Whalley, and Langley. KPU is one of the largest institutions by ...

Products

The name used by Zenabis Global Inc. for its medical marijuana is "Zenabis". In 2018 Zenabis started the Namaste line of recreational marijuana, launched at the time of the legalization of recreational marijuana in Canada. In 2019 the company announced the Blazery line of pre-rolled, high-THC recreational marijuana. That year, Zenabis acquired a 51% stake in Alberta

kombucha Kombucha (also tea mushroom, tea fungus, or Manchurian mushroom when referring to the culture; Latin name ''Medusomyces gisevii'') is a fermented, lightly effervescent, sweetened black tea drink commonly consumed for its purported health ben ...

manufacturer Hilllsboro Corp, in order to begin producing cannabis-infused beverage products when regulations permit. In September 2019 Zenabis launched the Re-Up brand of recreational cannabis. The company has stated that Re-Up will cater to consumers who currently purchase cannabis from illegal sources, by selling cannabis products at low prices that are comparable to the illicit market. Like all medical marijuana companies in Canada Zenabis has struggled on the stock market. The company was acquired by HEXO Corp in 2021 in an all-stock deal.

References

External links

* {{Portal bar, Canada, Cannabis, Companies 2014 establishments in Canada Cannabis companies of Canada Companies formerly listed on the Toronto Stock Exchange