Zenabis has announced it has acquired 2.8 million square feet of “state-of-the-art greenhouse space.”
Bevo Agro Inc. has signed an Arrangement Agreement with Sun Pharm Investments Ltd. for a reverse take-over of Bevo (with the name being changed to Zenabis Global Inc., after one of Sun Pharm’s established brands in the cannabis industry).
Following the completion of the transaction, Bevo’s greenhouse facilities in Langley are intended to be expanded and retrofitted to integrate advanced propagation technologies and state-of-the-art lighting and ventilation systems.
On completion of the expected expansion of these greenhouse facilities, Zenabis will have 660,000 square feet of indoor space and 2.8 million square feet of state-of-the-art greenhouse space in three provinces – British Columbia, New Brunswick and Nova Scotia.
Sun Pharm is currently a privately-held cannabis company which has one of the largest, federally licensed indoor medical cultivation footprints in Canada, operating two licensed production facilities in British Columbia and New Brunswick, with a third expected to be coming online shortly in Nova Scotia.
These pharmaceutical grade cannabis production spaces, strategically positioned on Canada’s coasts, facilitate national distribution and access to international markets.
Sun Pharm has received purchase agreements for recreational cannabis from each of the British Columbia Liquor Distribution Branch, New Brunswick Liquor Corporation, Nova Scotia Liquor Corporation, and Yukon Liquor Corporation.