– Cannabis/Marijuana Industry News

Zenabis Global’s (TSX:ZENA) subsidiary, Zenabis Ltd., has closed its non-dilutive financing via a pre-paid supply agreement with High Park Holdings, a wholly-owned subsidiary of Tilray (NASDAQ:TLRY).

As quoted in the press release:

Pursuant to the Supply Agreement, High Park advanced $30 million to Zenabis (the “prepaid amount”) on July 10, 2019. The terms of the Supply Agreement were previously disclosed in a news release dated July 2, 2019.

“Zenabis is committed to providing high-quality cannabis to High Park,” said Andrew Grieve, Chief Executive Officer of Zenabis. “Zenabis intends to continue to pursue non-dilutive forms of financing to fund a variety of opportunities in this dynamic industry.”

Click here to read the full press release.

Find out what experts are saying about the future of cannabis

Read our new report today

Give me my free report!

The post Zenabis Closes $30 Million Non-Dilutive Financing via Agreement with Tilray appeared first on Investing News Network.

Original Source


Please enter your comment!
Please enter your name here