Zenabis Global Inc. announced that it has appointed Andrew Grieve as Chief Executive Officer, effective immediately. Rick Brar, Zenabis' Co-Founder and former CEO, will continue to contribute and join fellow Co-Founder Mark Catroppa as a Special Advisor. Mr. Grieve is a Co-Founder of Agentis Capital, and as Co-Head of Advisory at Agentis Capital has advised on more than $20 billion of completed acquisition, financing, and project development transactions across a wide range of sectors, from infrastructure to technology and industrials. For the past nine months, Mr. Grieve and Mr. Brar have been the primary architects behind the transaction to create Zenabis, and will continue to collaborate, combining their respective strengths to achieve Zenabis' full potential. Mr. Grieve and Mr. Brar worked closely on developing the strategy, vision, and organizational design of Zenabis as they successfully completed the Zenabis Transaction, with ZENA debuting on the TSXV on January 10, 2019.

Finally, Zenabis has also entered into a credit agreement with a major Canadian chartered bank for an aggregate of $51 million, of which $46,700,000 is a term loan, $2,000,000 is a revolving line of credit, $2,000,000 is a hedging facility, and $300,000 is available on corporate credit cards. Zenabis expects to draw $33 million to repay existing indebtedness to Farm Credit Canada, repay existing equipment loans and to fund Zenabis' Topgro Acquisition.