Tim Jaques | Campbellton Tribune
September 8th, 2016
Kevin Coft, CEO of International Herbs Medical Marijuana Ltd., which operates as Zenabis, is shown speaking at the funding announcement in Atholville on Aug. 23 when the province announced it was lending the company $4-million. Coft said on Sept. 8 that work on construction and renovation has commenced. Tim Jaques/The Tribune
Work on the new Zenabis medical marijuana facility is underway, according to the company’s chief executive officer.
“We have already started on renovations on the interior of the building, and our perimeter fence is being installed next week”, wrote Kevin Coft on Sept. 8 in a brief message in response to an enquiry by the Tribune.
“We are please to say that both construction and renovations are currently underway,” added Coft, who is away from the region.
International Herbs Medical Marijuana Ltd. operating as Zenabis has indicated it plans to spend about $14-million on the first phase of renovation to the former Atlantic Yarns building at 12 Comeau Lane in the Atholville Industrial Park to convert it to a facility for the production and sale of medical marijuana.
The work is expected to create about 300 construction jobs, and about 60 jobs at the facility itself in its first phase. However Coft had earlier stated that the company hopes to create as many as 208 jobs by 2021, and possibly more, depending on how federal laws on medical and recreational use of marijuana play out.
Zenabis received a $4-million repayable loan from the province to assist in the renovation, as well as a $3-million convertible debenture from Listuguj First Nation.
At the announcement by Premier Brian Gallant of the $4-million loan on Aug. 23, Coft had said that he expected the facility to be ready by early 2017. It will still require final inspection and licensing by Health Canada.