Zenabis Conditionally Approved to Graduate to the Toronto Stock Exchange

Published: April 24, 2019

Zenabis Conditionally Approved to Graduate to the Toronto Stock Exchange

Zenabis Global Inc. has received conditional approval to graduate its listing from the TSX Venture Exchange to the Toronto Stock Exchange (the “TSX”).

“Moving to the main board of one of the largest exchanges in the world is a critical milestone for the Company in terms of demonstrating the strength of our business and expanding our investment appeal to a broader and global audience,” said Andrew Grieve, Chief Executive Officer of Zenabis. “On behalf of the Board of Directors, I thank the entire Zenabis team for their dedication and hard work and to our stakeholders and founders for their unwavering support.”

“At Zenabis, we will continue to execute on our strategic and operational objectives to achieve further milestones in 2019 and beyond,” continued Mr. Grieve. “These objectives include: (i) becoming one of the largest licensed producers of medical and adult-use recreational cannabis in Canada and securing competitive positions in a number of international markets; (ii) achieving industrial scale cultivation of top-quality cannabis at a low cost; and (iii) rolling out a large offering of ultra premium, premium and value cannabis products to the market through our significant distribution networks.”

Final approval of the listing is subject to certain customary conditions which the Company intends to fulfill in the coming weeks. The Company is confident it will be able to satisfy all requirements and will release a statement immediately upon issuance of the TSX Bulletin confirming the date on which the listed securities of Zenabis will be delisted from the TSXV and commence trading on the TSX. Upon listing on the TSX, the Company’s common shares and outstanding listed common share purchase warrants will continue to trade under the symbols “ZENA” and “ZENA.WT”.