Zenabis Global Inc. was a Canadian medical and recreational marijuana producer.
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]
External links
References
- Sandor Gyarmati. Zenabis aims to be major player in Canada's pot industry Delta Optimist^
- Gabrielle Fahmy. New Brunswick hopes cannabis can help drive rural economic recovery CBC News, October 19, 2018^
- Zenabis reçoit le feu vert pour vendre ses produits à base d'huile de cannabis 19 March 2019^
- New cannabis company Zenabis is born from yet another reverse takeover in cannabis PotNetwork, retrieved 2019-04-11^
- Cherise Letson. Cannabis Company With N.B. Footprint Has Ambitious Growth Plans Huddle Today, 14 January 2019^
- Why is Zenabis Global (TSX:ZENA) Stock Down 32% This Week? www.fool.ca^
- HEXO Corp. and Zenabis Global Inc. Announce Closing of Arrangement June 1, 2021^