Canadian cannabis company Zenabis receives license to add 9,900 kg of production capacity

United Kingdom News News

Canadian cannabis company Zenabis Global Inc. said Tuesday it has received a licence to add 9,900 kg of licensed annual cultivation capacity at its Zenabis Langley facility. Vancouver-based Zenabis said the move increases its total licensed annual cultivation capacity to 42,800 kg of dried cannabis from 32,900 kg, an increase of more than 30%. The company has now received licenses for all four its facilities with 438,200 sq. feet of licensed operational space. U.S.-listed shares were not yet active premarket, but have fallen 19% in the last three months, while the S&P 500 has fallen 3%.