A cannabis producer that has a facility in Delta has announced a merger with the aim of becoming one of the major players in the industry in Canada.
Zenabis, formerly called International Herbs Medical Marijuana Ltd., has a 25,000-square-foot “state-of-the-art facility” on Annacis Island. The company’s other facility is in Atholville, New Brunswick, and as of last year had about 660,000 square feet of indoor cannabis production space.
This week the company, owned by Sun Pharm Investments Ltd., announced the takeover of Bevo Agro Inc. to create a new entity called Zenabis Global Inc.
It now gives Zenabis a total footprint of 3.5 million square feet in lands and premises that can be converted into available production capacity in B.C., New Brunswick and Nova Scotia.
The company says it’s on a path to potentially becoming one of the largest licensed producers of cannabis in the world, by square feet of production space.
Zenabis will be expanding its production capacity to include the conversion of the first 450,000 square feet, out of a total 2.1 million square feet available, of a greenhouse in Langley.
“These facilities have the design capacity to yield 479,700 kg of dried cannabis annually, for both national and international market distribution. The Zenabis brand name is used among the medical space, while Namaste is used to service the recreational market,” a press release explained.
Zenabis last year announced it received a sales license from Health Canada which will allow the company to sell medicinal cannabis online to registered medical patients across the country.
Although Delta’s revised zoning does not allow marijuana dispensaries to set up stores in the city, that restriction does not apply to companies growing product here to conduct online sales.
Sun Pharm also has purchase agreements for recreational cannabis from the B.C. Liquor Distribution Branch as well as the New Brunswick Liquor Corporation, Nova Scotia Liquor Corporation and Yukon Liquor Corporation.
