Pot producer Sun Pharm changes name to Zenabis

The move to create Zenabis Global Inc. is part of a reverse takeover

Medical marijuana producer Sun Pharm Investments Ltd. is moving to create Zenabis Global Inc., a publicly-traded company with growing operations in British Columbia, New Brunswick, and eventually in Nova Scotia.

RELATED: Marijuana roll out will be challenging, new territory for everyone: Horgan

The privately-held cannabis company is merging with a subsidiary of propagated agricultural plants supplier Bevo Agro Inc. via reverse takeover, in which a smaller firm takes over a public company.

Bevo is currently listed on the TSX Venture exchange and after the transaction and amalgamation, the company will change its name to Zenabis, taking after one of Sun Pharm’s cannabis brands.

Sun Pharm says it currently has two licensed production facilities in British Columbia and New Brunswick, with a third due to come online shortly in Nova Scotia, together, encompassing more than 61,000 square metres of growing space.

RELATED: B.C. business makes a mint on cannabis extraction equipment

After the transaction is complete, the companies say Bevo’s greenhouse facilities in Langley are intended to be expanded and retrofitted.

On completion of planned expansions, the companies say the combined entity will have more than 320,000 square metres of indoor and greenhouse space across the three provinces.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

RedRover talks animal care

Nicole Forsyth, Executive Director of RedRover, spoke in the Burns Lake Public… Continue reading

Alternative arts fest at LDSS

Lakes District Secondary School held its Alternative Arts Festival on May 28.… Continue reading

Smithers man receives two-year sentence for fatal car crash

Over a year after a fatal crash, a Smithers man has been sentenced to two years plus a day in jail.

RDBN opts to join entrepreneur immigration pilot scheme

The Regional District of Bulkley-Nechako (RDBN) will back a candidate under the… Continue reading

Ultrasound for Burns Lake hospital possible, Northern Health says

Northern Health is considering the possibility of bringing ultrasound services to the… Continue reading

PHOTOS: Elusive ‘ghost whale’ surfaces near Campbell River

Ecotourism operator captures images of the rare white orca

Victoria mom describes finding son ‘gone’ on first day of coroners inquest into overdose death

Resulting recommendations could change handling of youth records amidst the overdose crisis

Dash-cam video in trial of accused cop killer shows man with a gun

Footage is shown at trial of Oscar Arfmann, charged with killing Const. John Davidson of Abbotsford

Suicide confirmed in case of B.C. father who’d been missing for months

2018 disappearance sparked massive search for Ben Kilmer

Eight U.S. senators write to John Horgan over B.C. mining pollution

The dispute stems from Teck Resources’ coal mines in B.C.’s Elk Valley

Threats charge against Surrey’s Jaspal Atwal stayed

Atwal, 64, was at centre of controversy in 2018 over his attendance at prime minister’s reception in India

Anti-vaxxer Robert F. Kennedy Jr. to speak in Surrey

He’s keynote speaker at Surrey Environment and Business Awards luncheon by Surrey Board of Trade Sept. 17

Otters devour 150 trout at Kootenay hatchery

The hatchery has lost close to 150 fish in the past several months

B.C. church’s Pride flag defaced for second time in 12 days

Delta’s Ladner United Church says it will continue to fly the flag for Pride month

Most Read