Village Farms and Zenabis Global ship products to market

Both companies are based in British Columbia—Village Farms in Delta and Zenabis in Vancouver

Village Farms Zenabis Global

Photo by Pure Sunfarms

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Two B.C.-based weed companies expect higher revenues as a result of announcements today. Village Farms International declared that Pure Sunfarms has begun distributing packaged dried-flower products to licensed private retailers in Manitoba.

Pure Sunfarms ships its cannabis lines to six provinces, representing more than 70 percent of Canada’s population. Last November, Village Farms became its majority owner. That came after its partner, Emerald Health Therapeutics, failed to make a $5.94-million payment.

“Pure Sunfarms continues to execute on its growth strategy, leveraging its leading brand performance for a larger consumer audience, as the overall Canadian recreational cannabis market continues to grow,” Village Farms CEO Michael DeGiglio said in a news release.

DeGiglio added that Pure Sunfarms plans to launch “bottled oil and vape products in the next few weeks.

In addition, the company expects to thrive as the market recovers from the COVID-19 shock.

Meanwhile, Zenabis Global announced that it’s distributing a new product, its Re-Up 510-Threated Vaporizer line.

“We are very excited to have completed initial shipments under this product line, especially given that this was achieved through full, internalized production of these products at Zenabis Atholville utilizing in-house extraction and filling,” Zenabis Global CEO Kevin Croft said in a news release.

Croft added that its new vaporizer line complements the company‘s Pax Era vaporizer cartridges.

“We believe that the Re-Up 510-Threaded Vaporizer line is a strong complement to our existing, premium Pax Era line of vaporizer cartridges.”

Zenabis Global and Village Farms both tout their potential

Zenabis hopes to generate more than $1 million per month after ramping up production to meet anticipated demand.

As of this writing, Zenabis shares trade at $0,085 on the TSX. It’s worth $36.71 million.

Zenabis maintains its head office in Vancouver.

For its part, Village Farms operates out of Delta, a suburb of Vancouver. Earlier this month, it signed an agreement with a Dutch company to gain access to the legal weed business in the Netherlands.

As one of six equal partners in DutchCanGrow Inc., it will be in a position to be licensed to distribute cannabis to coffee shops.

As of this writing, Village Farms shares trade at $7.40 on the Canadian Securities Exchange. The investment community values the company at $416.41 million.

Charlie Smith

I'm the editor of the Georgia Straight newspaper in Vancouver, as well as a CannCentral contributor.

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