On October 4, 2018, Bevo Agro Inc. has signed an Arrangement Agreement dated October 4, 2018 with Sun Pharm Investments Ltd. for a reverse take-over of Bevo, and announced its intent to change its name to Zenabis Global Inc. This combined entity will have almost 3.5 million square feet in available production space.
Zenabis is excited to announce the launch of “Namaste” – a comprehensive suite of adult-use recreational cannabis products. Crafted with the same exceptional quality found in Zenabis medical offerings, the Namaste brand will deliver a premium experience for consumers.
Namaste will make its debut on Canada’s first day of legalization – October 17, 2018. Namaste adult-use recreational cannabis products will be available in licensed retail stores throughout New Brunswick, Nova Scotia and British Columbia. The company also has purchase orders from the Yukon Territory and there are plans for additional markets to follow.
“At Zenabis, we believe in being a good neighbor in the communities where we live and work,” said Rick Brar, CEO of Zenabis. “We know consumers want to enjoy new experiences with the confidence that their purchases meet the highest levels of safety and quality. We look forward to bringing this unique offering to our customers to enjoy responsibly across the country.”
Zenabis Key Milestones
- On October 4, 2018 Bevo and Sun Pharm announced the RTO and the intent of Bevo to change their name to Zenabis Global Inc. upon completion of the amalgamation
- On October 5, 2018, Zenabis released a presentation introducing the combined business
- As of October 15, 2018, Zenabis has secured purchase orders from government and third party retailers/distributors in New Brunswick, Nova Scotia, British Columbia, Yukon, and Europe