Zenabis has provided an update on its recent cannabis production figures, facility construction and licensing.
- Cultivation output in June 2019 was 756 kg of dried cannabis, which represents a 40.8% outperformance relative to design capacity, or a Performance Ratio of 40.8%;
- June 2019 is the third sequential month where the Performance Ratio has exceeded 30%;
- Cultivation output of 756 kg of dried cannabis was 13.2% greater than forecast output of 668 kg of dried cannabis;
- Construction and licensing continue to progress on track at Zenabis Langley and Zenabis Atholville Phase 2C, with annual cultivation capacity expected to increase to 131,200 kg of dried cannabis in the third quarter of 2019.
Andrew Grieve, Chief Executive Officer of Zenabis, stated, “Zenabis achieved strong cultivation results again in June, despite having an equal number of harvests this month to our forecast number of harvests. We are confident in our ability to continue to outperform as we refine our cultivation approach. As expected, the variety of cultivation approaches we are testing continued to result in significant room-by-room variance during June. In June 2019, we achieved our highest ever Performance Ratio at Zenabis Atholville on a single harvest of 94%. This demonstrates the potential for the facility upon completion of all testing and standardization of cultivation techniques. This harvest exceeded the expectations of the cultivation team, and as a result, additional refinement of techniques is required to work towards replicating this outcome consistently in the future. This harvest also produced 79% bud versus 21% trim, demonstrating that strong outperformance can be achieved by the cultivation and production teams in overall saleable product.”
“Licensing and construction activities continued in line with expectations for this month,” continued Mr. Grieve. “The Zenabis Atholville Phase 2B license was received, the Phase 2C – Part 1 license submitted and construction and licensing activities remain on-pace”.