Tuesday, October 7, 2025

Latest

Zenabis Signs Binding Term Sheet For Bulk Exports

Zenabis Global (TSX: ZENA) this morning announced that it has signed a binding term sheet to supply the German medical cannabis market for a period of three years. The trouble however, is that its facilities are still not fully licensed to fulfill such a contract.

The binding term sheet, which has been signed with Farmako, has been signed by Zenabis via ZenPharm, the firms Malta-based joint venture operation. Under the binding term sheet, Zenabis will supply Farmako through ZenPharm with a minimum of 500 kilograms of bulk dried cannabis per year, which will then be distributed through the German market.

Despite this mornings announcement however, ZenPharm is still not fully licensed by the Maltese government for such an arrangement. The subsidiary isn’t expected to receive the necessary licensing to complete such an arrangement until at least the fourth quarter of 2020, thus making this mornings news rather moot, at least in the short term. Upon ZenPharm receiving final EU GMP certification Zenabis will be able to begin the shipment of bulk product, which is anticipated to occur in the fourth quarter of 2020.

Cannabis oils products are anticipated to follow the bulk dry flower shipments in 2021.

Outside of the German market news, the company also announced that Zenabis Stellarton has received its sales license finally. As a result, the company anticipates moving production of edibles HYTN Beverages, and concentrates to the facility, all of which have been given a timeline of July for production commencement.

Zenabis Global last traded at $0.14 on the TSX.


Information for this briefing was found via Sedar and Zenabis Global Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Zenabis Enters $60 Million Credit Facility To Pay Off Sundial Debt

Zenabis Global (TSX: ZENA) this morning announced that it has entered into a credit agreement...

Friday, January 22, 2021, 08:21:31 AM

Zenabis Global Appoints Former President Of McCain Foods, Canada As CEO

Zenabis Global (TSX: ZENA) this morning announced the appointed of a permanent CEO, replacing Kevin...

Monday, July 27, 2020, 08:29:32 AM

Zenabis Announces Exclusive Merger Discussions, Blasts Sundial For Issuing Notice Of Default

Zenabis Global (TSX: ZENA) this morning announced an update to its ongoing review of strategic...

Wednesday, January 6, 2021, 08:27:22 AM

Sundial Growers Issues Notice Of Default To Zenabis On Senior Secured Loan

Despite many Zenabis Global (TSX: ZENA) shareholders believing otherwise, it appears that the purchase of...

Wednesday, January 6, 2021, 07:40:43 AM

Zenabis Net Revenues Decline 52% in Third Quarter

Zenabis Global (TSX: ZENA) reported dismal third quarter 2019 results this morning, posting a net...

Thursday, November 14, 2019, 10:26:29 AM