Zenabis
 | |
| TSX: ZENA | |
| Industry | Cannabis |
| Predecessor | International Herbs Medical Marijuana Ltd |
| Founded | 2014 |
| Founders | Monty Sikka, Mark Catroppa |
| Fate | Acquired by HEXO Corp. |
Area served | Global |
| Products | Zenabis (medical marijuana) Namaste (recreational marijuana) Blazery (recreational marijuana) Re-Up (recreational marijuana) |
| Website | zenabis |
Zenabis Global Inc. was a Canadian medical and recreational marijuana producer.
History
[edit]Zenabis was 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
[edit]- ^ a b Gyarmati, Sandor. "Zenabis aims to be major player in Canada's pot industry". Delta Optimist.
- ^ Gabrielle Fahmy (October 19, 2018). "New Brunswick hopes cannabis can help drive rural economic recovery". CBC News.
- ^ "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.
- ^ Letson, Cherise (14 January 2019). "Cannabis Company With N.B. Footprint Has Ambitious Growth Plans". Huddle Today.
- ^ "Why is Zenabis Global (TSX:ZENA) Stock Down 32% This Week?". www.fool.ca.
- ^ "HEXO Corp. and Zenabis Global Inc. Announce Closing of Arrangement" (Press release). GlobeNewswire. June 1, 2021.
