Zenabis (a brand of International Herbs Medical Marijuana Ltd) develops and plans to produce pharmaceutical‑grade medical marijuana through large‑scale indoor cultivation. The company is refurbishing the former Atlantic Yarn Mill in Atholville, New Brunswick into a 396,000 sq ft facility on a 20‑acre site, targeting operational status by 2017. Zenabis is at the pre‑license inspection stage under Health Canada’s ACMPR and expects to pursue a cultivation license followed by a license to sell. The construction phase is a $14 million project; Zenabis has secured $4 million from the New Brunswick provincial government (loan) and $3 million from the Listuguj First Nation Government to aid that work. Zenabis projects about 300 construction jobs in phase one and more than 200 full‑time jobs when operational, and estimates a $15 million annual contribution to the province’s GDP. The company highlights strengths in start‑up experience, the pharmaceutical industry, distribution, and horticulture and aims to deliver high‑quality products at competitive prices.

Total raised

$7M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Sep 2016