BioTuesdays

Zenabis receives cultivation license for Langley plant upping capacity by 30%

Zenabis Global (TSX:ZENA) received a cultivation license from Health Canada for its Zenabis Langley plant, adding 9,900 kg of licensed annual cultivation capacity of cannabis at Site A – Part 1 at the facility.

The license increases total Zenabis licensed annual cultivation capacity by more than 30% to 42,800 kg of dried cannabis from 32,900 kg.

Construction continues on Site A – Part 2 at Zenabis Langley, representing 86,200 kg of annual design cultivation capacity. The companyhas now secured the Health Canada licenses required for all four of its cannabis facilities, with 438,200 square feet of current licensed operational space.

Zenabis Langley features a highly advanced production environment that supports both growing and packaging operations for both bulk and retail products.

The company expects Zenabis Langley to achieve a product quality comparable to that of output from Zenabis Atholville, an indoor facility, at a cultivation cost per gram of 75 cents or less.

“We believe that the receipt of the Zenabis Langley cultivation license in less than one month from the point of submission is a testament to both the quality of our facilities and the strength of our regulatory team,” Andrew Grieve, CEO, said in a statement.

In an updated forecast, he said Zenabis expects to produce approximately 17,679 kg of cannabis from July 2019 through December 2019, representing an increase of more than 53%, compared with a prior forecast of 11,560 kg.

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