BioTuesdays

Zenabis increases licensed capacity by more than 40% with substantial completion of Zenabis Atholville

Zenabis Global (TSX:ZENA) announced the licensing of Phase 2C – Part 1 at its Zenabis Atholville facility, adding an additional 9,800 kg of licensed annual cultivation capacity of cannabis.

This licensing increases total Zenabis licensed annual cultivation capacity by more than 40%, from 23,100 kg to 32,900 kg of dried cannabis, and Zenabis Atholville licensed annual cultivation capacity from 22,300 kg to 32,100 kg of dried cannabis.

In addition, operating space increased from the existing 251,600 square feet at Zenabis Atholville to 295,200 square feet.

Zenabis expects to submit a license amendment for the final unlicensed portion of Zenabis Atholville, Phase 2C – Part 2, which includes 15,900 square feet of operating space shortly. When approved, the licensed annual cultivation capacity of Zenabis Atholville would increase to 34,300 kg of dried cannabis, which is the total design capacity of the facility. Zenabis has achieved substantial completion at Zenabis Atholville.

“We look forward to the cultivation team delivering well above the design capacity of this asset in accordance with recent performance,” Andrew Grieve, CEO of Zenabis, said in a statement.

He said Zenabis has now increased its licensed capacity nearly six-fold since the creation of the company in January of 2019 through the business combination of Sun Pharm Investments and Bevo Agro.

“We intend to deliver on our commitment to more than quadruple capacity again in the near-term with the licensing and completion of our Zenabis Langley initial conversion,” he added.

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