New Brunswick has been on the move when it comes to recreational cannabis, seeing how just weeks ago they announced their plan for regulating sales and distribution within the province.
The provincial government announced that it will be relying on Zenabis for the supply of recreational cannabis.
According to this deal, Zenabis is supposed to provide New Brunswick with 4 million grams of cannabis and derivative products, in the value of $40-50 million.
Jobs for Canada’s cannabis industry
The announcement is supposed to create around 450 jobs over the course of the next two years in the village of Atholville.
Those looking for a job at Zenabis will have a chance to work in their Atholoville 393,000 square foot facility for production and distribution of medical marijuana.
Zenabis will be looking for employees in Brittish Columbia as well, as they have a second facility in Delta, B.C. which provides them with an additional 30,000 sq.ft of room for growing weed.
Their third facility is located in Stellarton, Nova Scotia, and it is currently equipped for growing cannabis in a 280,000 sq.ft area.
These three facilities make Zenabis the only Canadian coast to coast licensed producers, giving them an upper hand on the market for the moment.
“Provincial governments have been seeking Licensed Producers that can supply reliable, high-quality cannabis and cannabis derivatives to meet demand once full legalization is in place,” stated Zenabis CEO, Kevin Coft.
He also mentioned that other provincial governments might be making this type of agreement with licensed producers around Canada.
“We are pleased to have concluded this historic agreement with the New Brunswick government and we anticipate that we will be able to negotiate similar agreements with other provinces,” said Coft.
According to Health Canada, around 200,000 clients were registered across Canada to receive medical marijuana in the first quarter of this year, of which 6,000 were residents of New Brunswick.