Zenabis Wins a Contract to Supply Cannabis Products to PAX Labs

Author: Benzinga Newsdesk | September 30, 2019 06:29am

Zenabis Global Inc. (TSX:ZENA) ("Zenabis" or the "Company") today announced that it has entered into a definitive agreement (the "Agreement") with PAX Labs, Inc. ("PAX"), under which Zenabis will supply cannabis extracts for PAX Era Pods designed for use with the PAX Era vaporizer device. This Agreement will make Zenabis the fifth and only additional Licensed Producer ("LP") to launch PAX Era Pods, later this year, when and as permitted under applicable laws.

Under the terms of the Agreement, Zenabis will supply cannabis extracts in the form of PAX Era Pods nationwide through its supply arrangements with the nine provinces and one territory, pending anticipated changes to the Cannabis Act to permit the sale of cannabis extracts for vaporization. 

 "We at PAX Labs are very excited to welcome Zenabis to our platform," said Tim Pellerin, Canadian General Manager of PAX. "This partnership, along with our pioneer partners, will provide Canadian cannabis consumers with a superior choice of high quality, predictable and consistent products, delivered by our industry leading Era device and PAX app."

Andrew Grieve, Chief Executive Officer of Zenabis, stated, "We are pleased to partner with PAX, a leader in innovative cannabis product vaporizers, and to join the other four Canadian LP's in the launch of PAX Era Pods. PAX's strong brand recognition provides Zenabis with an important opportunity to showcase our distinct cannabis concentrates, especially given Canadian provinces' selection of specific vaporization devices for the initial launch of new cannabis formats later this year."

PAX Era Pods which are designed for use in PAX's high-tech oil vaporizers are dependable, leak-resistant and clog-free. In June 2019, PAX signed on Aphria Inc., Aurora Cannabis Inc., Organigram Holdings Inc., and The Supreme Cannabis Company, Inc. as PAX Era brand partners.
 

Posted In: TSX:ZENA