CAN (BC): Zenabis completes shipment to Australia

Zenabis Global has completed its first shipments to Australia from its Zenabis Atholville facility, on August 28, 2020. Zenabis has commenced the supply of packaged cannabis flower under a long-term supply agreement with an Australian distributor.

"Import amounts into Australia for the third quarter of 2020 are expected to be in the range of 100 kg, with import permits for comparable amounts already issued for the fourth quarter of 2020," the team with the company explained. "Kevin Coft, Interim Chief Executive Officer of Zenabis, remarked, “We are very proud of our first shipments of packaged, rather than bulk, cannabis outside of Canada, and to add an additional continent from an export partner standpoint.”

As of 31 August 2020, Zenabis has shipped ~4,700 kg of cannabis in the first two months of the third quarter of 2020, an ~20% increase over the entire second quarter of 2020, which was itself the highest quarter to date for Zenabis. Daniel Burns, Chair of Zenabis, added, “Through a combination of significant volume increases with provincial counterparties, increased cash-pay bulk agreements in Canada, and increases in volume exported internationally, Zenabis has delivered significant volume growth in cannabis shipment volumes in the third quarter of 2020.” These cannabis shipment volumes remain consistent with prior guidance for net cannabis revenue of $17-21m for the third quarter of 2020.