Zenabis

History and Establishment

• Originally known as International Herbs Medical Marijuana Ltd.
• Co-founded by Monty Sikka & Mark Catroppa.
• Purchased first facility in 2014 in New Brunswick.
• Received cultivation license from Health Canada in 2017.
• Received sales license for dried marijuana from Health Canada in 2018.

Acquisition and Corporate Changes

• Parent company Sun Pharm completed reverse take-over of Bevo Agro Inc. in January 2019.
• Two firms operated under Zenabis Global Inc.
• Traded on TSX under ticker symbol ZENA.
• Acquired by HEXO Corp in 2021 in an all-stock deal.
• Zenabis struggled on the stock market like other medical marijuana companies in Canada.

License and Approval

• Received license to sell cannabis oil in March 2019.
• Received sales license for dried marijuana in 2018.
• Acquired cultivation license from Health Canada in 2017.
• Purchased first facility in New Brunswick in 2014.

Trading Performance and Market Impact

• Zenabis struggled on the stock market.
• Stock down 32% in a week.
• Traded on TSX under ticker symbol ZENA.
• Acquired by HEXO Corp in 2021.
• HEXO Corp. and Zenabis Global Inc. announced closing of arrangement on June 1, 2021.

Media and Industry Recognition

• Zenabis aims to be major player in Canada’s pot industry – Gyarmati, Sandor.
• New Brunswick hopes cannabis can help drive rural economic recovery – Gabrielle Fahmy.
• Zenabis received approval to sell cannabis oil products – 19 March 2019.
• Zenabis born from another reverse takeover in cannabis industry – PotNetwork.
• Cannabis company with N.B. footprint has ambitious growth plans – Cherise Letson.

Zenabis Data Sources