Zenabis

Last updated
Zenabis Global Inc.
TSX: ZENA
Industry Cannabis
PredecessorInternational Herbs Medical Marijuana Ltd
Founded2014
FoundersMonty Sikka, Mark Catroppa
FateAcquired by HEXO Corp.
Area served
Global
ProductsZenabis (medical marijuana)
Namaste (recreational marijuana)
Blazery (recreational marijuana)
Re-Up (recreational marijuana)
Website zenabis.com

Zenabis Global Inc. was a Canadian medical and recreational marijuana producer.

Contents

History

Zenabis is originally known by the name International Herbs Medical Marijuana Ltd. and was co-founded by Monty Sikka and Mark Catroppa. [1] It purchased its first facility in 2014 in New Brunswick and received a cultivation license from Health Canada in 2017. [2] Zenabis received its sales license for dried marijuana from Health Canada in 2018, [1] and received its license to sell cannabis oil in March 2019. [3] [4] 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. [5] The company was traded on the TSX under the ticker symbol ZENA.

Like all medical marijuana companies in Canada, Zenabis has struggled on the stock market. [6] The company was acquired by HEXO Corp in 2021 in an all-stock deal. [7]

References

  1. 1 2 Gyarmati, Sandor. "Zenabis aims to be major player in Canada's pot industry". Delta Optimist.
  2. ↑ Gabrielle Fahmy (October 19, 2018). "New Brunswick hopes cannabis can help drive rural economic recovery". CBC News.
  3. ↑ "Zenabis reçoit le feu vert pour vendre ses produits à base d'huile de cannabis". 19 March 2019.
  4. ↑ "New cannabis company Zenabis is born from yet another reverse takeover in cannabis". PotNetwork. Archived from the original on 2019-04-11. Retrieved 2019-04-11.
  5. ↑ Letson, Cherise (14 January 2019). "Cannabis Company With N.B. Footprint Has Ambitious Growth Plans". Huddle Today.
  6. ↑ "Why is Zenabis Global (TSX:ZENA) Stock Down 32% This Week?". www.fool.ca.
  7. ↑ "HEXO Corp. and Zenabis Global Inc. Announce Closing of Arrangement" (Press release). GlobeNewswire. June 1, 2021.
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