Licensed ambassador Zenabis Ltd. – which is amalgamation with Bevo Agro to become Zenabis All-around – has active an LOI and accustomed a acquirement adjustment from Running Leaf Corporation, one of the aboriginal accustomed distributors to accumulation cannabis to the Saskatchewan adult-use market.
VANCOUVER , Oct. 25, 2018 /CNW/ – Bevo Agro Inc. (BVO.V) (“Bevo”) and Sun Pharm Investments Ltd. “Sun Pharm” are admiring to advertise that Zenabis has entered into a LOI with Running Leaf Corporation (Running Leaf) to accumulation up to 11,858 kilograms to October 2020 to Saskatchewan adult-use retailers accountant and accustomed for adult-use cannabis sales. Zenabis will advertise beneath the exceptional Namaste brand. Namaste’s articles accommodate broiled flower, formed cannabis, and pre-rolls. Running Leaf Corporation is one of the aboriginal broad distributors accustomed to accumulation cannabis to accountant Saskatchewan retailers.
Running Leaf has issued its aboriginal Acquirement adjustment with Zenabis to accumulation its broad operation with cannabis for Q4. Zenabis has accomplished and will address its aboriginal adjustment aloft cancellation of a authorization from SGLA. Running Leaf has requested an estimated absolute aggregate of up to 11,858 kilograms from Zenabis for its recreational adult-use administration needs which both parties apprehend to admission over as artefact appeal grows and accouterment into new categories such as aliment (including beverages), and concentrates (including in cartridges). Running Leaf and Zenabis intend to admission into an absolute accumulation and administration acceding beneath which Running Leaf will be the absolute benefactor of Namaste branded adult-use cannabis in Saskatchewan , and Running Leaf will antecedent absolute strains from the Namaste by Zenabis cast of Adult Use products. A absolute administration acceding accoutrement all the credibility aloft is accepted to be active anon – accountable to Zenabis cancellation of authorization in Saskatchewan by the SGLA.
“We accept been attractive to accomplice and adjust ourselves with companies that are leaders in the cannabis industry back the beginning. We apperceive that Zenabis will be one of those companies that is a baton in the industry and that they will be able to accompany a constant affection artefact to the market,” said Dawson MacKinnon and Jesiah Wedel , Founders of Running Leaf. “All of us at Running Leaf are aflame to move advanced into a affiliation with Zenabis and are able to accumulation Namaste articles to the arena of Saskatchewan .”
“We are admiring that this Acceding will acquiesce us to acquaint our exceptional ‘Namaste’ branded adult-use articles to Saskatchewan residents,” said Rick Brar , CEO of Zenabis. “This Acceding furthers our action of affair the appeal for Namaste Articles in anniversary Province. In these aboriginal canicule of legalization, we are advertent that Namaste adult-use Articles are in aerial demand in British Columbia , the Yukon , Quebec , New Brunswick and Nova Scotia . We attending advanced to alive with Running Leaf and demography advantage of their ample ability in bartering bartering and distribution.”
Learn added about Zenabis’ exceptional Namaste brand: https://www.namaste.com/
As ahead appear on appear October 4, 2018 , Bevo and Sun Pharm accept entered into an adjustment acceding with account to a about-face active of Bevo (the “Bevo-Sun Pharm Transaction”), and appear that the consistent issuer will change its name to Zenabis All-around Inc. (“Zenabis”). Through Sun Pharm’s accessory accountant ambassador Zenabis Ltd. (“Zenabis”), Zenabis All-around Inc. will accept about 3.5 actor aboveboard anxiety of accessible assembly space.1 Achievement of the Bevo-Sun Pharm Transaction charcoal accountable to cancellation of actor and all appropriate authoritative approvals.
Zenabis Key Milestones
About Bevo Agro Bevo Agro is North America’s arch supplier of broadcast agronomical plants, operating about 53 acreage of advanced greenhouse accessories on 98 acreage of acreage in Langley, BC and 20 acreage of acreage in Pitt Meadows, BC . The aggregation has entered into a bounden acceding to admission 10.4 acreage of greenhouse amplitude on 50 acreage of acreage in Aldergrove, British Columbia (the “Greenhouse Acquisition”). The Company’s capital articles accept been the advancement of vegetable plants such as tomatoes, peppers, cucumbers, and added plants such as bedding plants, flowers and grasses. The Aggregation markets its articles to accustomed greenhouse growers, nurseries and retail outlets throughout North America .
About Sun Pharm Sun Pharm has cogent acquaintance in agriculture, technology, biologic sales, customer packaged goods, all-embracing administration and cast marketing, with cannabis and cannabis-related acquirement orders from the ambit of New Brunswick , British Columbia , Nova Scotia , and Yukon Territory. Sun Pharm is currently a privately-held cannabis aggregation which has one of the largest, federally accountant calm medical agronomics aisle in Canada , operating two accountant assembly accessories in British Columbia and New Brunswick , with a third accepted to be advancing online anon in Nova Scotia . These accessories beset 660,000 aboveboard anxiety of calm biologic cast cannabis assembly space, strategically positioned on Canada’s coasts, facilitating civic administration and admission to all-embracing markets. Sun Pharm is currently alive appear globally accustomed EU GMP certifications. Sun Pharm has a administration aggregation with decades of acquaintance in the industry, with ability in retail customer packaged goods, all-around biologic sales and manufacturing, affection assurance, and commercialized cultivation. The growing aggregation has added than two decades of acquaintance in amoebic agronomics and administration of herbs and nutraceutical articles throughout the Americas, North Africa , and the Middle East. Sun Pharm’s sales aggregation has added than two decades in artefact development, commercialization, and retail and biologic sales including all-embracing distribution.
This account absolution contains statements that may aggregate “forward-looking information” aural the acceptation of applicative Canadian balance legislation. Advanced advice may include, amid others, statements apropos the approaching plans, costs, objectives or achievement of Bevo, or the assumptions basal any of the foregoing. In this account release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and agnate words and the abrogating anatomy thereof are acclimated to analyze advanced statements. Advanced statements should not be apprehend as guarantees of approaching achievement or results, and will not necessarily be authentic break of whether, or the times at or by which, such approaching achievement will be achieved. No affirmation can be accustomed that any contest advancing by the advanced advice will arise or occur, including the achievement of the Transaction. Advanced advice is based on advice accessible at the time and/or management’s good-faith acceptance with account to approaching contest and are accountable to accepted or alien risks, uncertainties, assumptions and added capricious factors, abounding of which are above Bevo’s control. These risks, uncertainties and assumptions include, but are not bound to, those declared Bevo’s Management’s Discussion & Analysis for the budgetary year concluded June 30, 2018 , a archetype of which is accessible on SEDAR at www.sedar.com, and could account absolute contest or after-effects to alter materially from those projected in any advanced statements. Bevo does not intend, nor does Bevo undertake any obligation, to amend or alter any advanced advice independent in this account absolution to reflect consecutive information, contest or affairs or otherwise, except if appropriate by applicative laws.
For added information,
Follow Zenabis on Facebook @zenabismmj or on Twitter and Instagram @Zenabis
Follow Zenabis’ adult-use brand, Namaste, on Twitter, Facebook and Instagram @Namaste.com
After achievement of planned expansions
SOURCE Bevo Agro Inc.
View aboriginal content: http://www.newswire.ca/en/releases/archive/October2018/25/c3466.html
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