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ZBISF - Zenabis: Seeking Turnaround After A Tough 2019 (Initiating)
Zenabis Global Inc.
Welcome to our Discover Cannabis series, where we publish in-depth research to introduce new cannabis companies to our coverage.
Introduction
Zenabis (otcpk:ZBISF) is another Canadian cannabis company that got off to a rough start in the public markets. The company operates a similar business to Village Farms but has seen its stock dropping more than 80% since going public through an RTO in early 2019. We think the company has the potential to become a meaningful licensed producer in Canada but it remains a few quarters away from reaching meaningful licensed capacity.