Zenabis
Canadian cannabis producer
From Wikipedia, the free encyclopedia
Zenabis Global Inc. was a Canadian medical and recreational marijuana producer.
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| 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 |
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]
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