Zenabis Global (TSX:ZENA) reported that its cultivation output in June 2019 was 756 kg of dried cannabis, which represents a 40.8% outperformance relative to design capacity, or a performance ratio of 40.8%.
June 2019 is the third sequential month where Zenabis’ performance ratio has exceeded 30%.
Construction and licensing continue to progress on track at Zenabis Langley and Zenabis Atholville Phase 2C, with annual cultivation capacity expected to increase to 131,200 kg of dried cannabis in the third quarter of 2019.
Zenabis achieved strong cultivation results again in June, despite having an equal number of harvests this month to the forecast number of harvests, Andrew Grieve, CEO, said in a statement.
“We are confident in our ability to continue to outperform as we refine our cultivation approach,” he added. “As expected, the variety of cultivation approaches we are testing continued to result in significant room-by-room variance during June.”
In June 2019, Zenabis achieved its highest ever performance ratio at Zenabis Atholville on a single harvest of 94%, demonstrating the potential for the facility on completion of all testing and standardization of cultivation techniques.
“This harvest exceeded the expectations of the cultivation team, and as a result, additional refinement of techniques is required to work towards replicating this outcome consistently in the future,” Mr Grieve said.
This harvest also produced 79% bud versus 21% trim, demonstrating that “strong outperformance can be achieved by the cultivation and production teams in overall saleable product,” he added.
Mr. Grieve said licensing and construction activities continued in line with expectations for the month. The Zenabis Atholville Phase 2B license was received, the Phase 2C – Part 1 license submitted and construction and licensing activities remain on-pace.
