Bevo and Sun Pharm Complete Reverse Takeover to Become Zenabis Global Inc.

Published: January 8, 2019

Bevo and Sun Pharm Complete Reverse Takeover to Become Zenabis Global Inc.

Zenabis Global Inc. announced the completion of the reverse takeover of Bevo Agro Inc. by Sun Pharm Investments Ltd. to create a company that has the potential to become one of the largest licensed marijuana companies in the world. As previously announced on October 4, 2018, Bevo and Sun Pharm entered into an arrangement agreement with respect to the spin-out of Bevo’s interest in CubicFarm Systems Corp. and subsequent a reverse take-over of Bevo by Sun Pharm, with the resulting combined issuer being Zenabis.

“Zenabis is the result of almost a year of hard work and dedication from the entire management team at Bevo and Sun Pharm”, said Rick Brar, CEO of Zenabis. “We could not be happier to move forward as one team, incorporating a world-class propagator and agricultural expert. We are a focused, driven set of individuals that together aim to set the standard for cannabis production while becoming a market leader in every vertical we pursue.”

Through its subsidiary licensed producer Zenabis Ltd. and other subsidiaries expected to be licensed, Zenabis Global Inc. will have 3.5 million square feet of constructed premises available that it has already converted or intends to convert into cannabis production space.

More information can be found at http://www.bevofarms.com

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