Zenabis Global (TSX: ZENA) (OTCQB:ZBISF) has appointed Eric Rasmussen as chief financial officer.
Rasmussen replaces Mike Smyth, who is retiring. Rasmussen has vast senior management experience in publicly-listed companies, both in North America and Europe, according to a company statement.
Rasmussen has experience in corporate and operations finance, internal audit, M&A, and strategic investment. More recently, he has been a strategic consultant for Canadian large- and mid-size clients.
Zenabis is a Canadian licensed cultivator of medical and recreational cannabis, and a propagator and cultivator of floral and vegetable products. The company operates facilities in Atholville, New Brunswick; Delta, Aldergrove, Pitt Meadows and Langley, British Columbia; and Stellarton, Nova Scotia. It currently has 57,000 kg of licensed cannabis cultivation space across four licensed facilities.
Zenabis has 3.5 million square feet of total facility space dedicated to a mix of cannabis production and cultivation and its propagation and floral business. The company expects its Atholville, Stellarton and Langley facilities to have a licensed annual production capacity of 143,200 kg of dried cannabis by the second quarter of 2020.