Zenabis Completes $28.75 Million Public Offering

April 17, 2019

Zenabis Global Inc. (TSXV: ZENA), a licensed cannabis cultivator of medical and recreational cannabis, completed a best efforts public offering of 12,777,777 units (the “Units”), at a price of $2.25 per Unit for aggregate gross proceeds of approximately $28.75 million (the “Offering”).

The Offering was co-led by Eight Capital and GMP Securities L.P. on behalf of a syndicate of agents including Canaccord Genuity Corp., Haywood Securities Inc. and Laurentian Bank Securities Inc. (collectively, the "Agents").

Wildeboer Dellelce LLP acted for the Agents in connection with the Offering with a team that consisted of Perry Dellelce, Peter Volk, Carlye Bellavia and Niall Sweeney (corporate/securities) and Katy Pitch and Marija Tasevska (tax).