A leading Canadian cannabis producer will be shipping some 500kg of the plant out of Malta ever year after it was given the go-ahead to start operating by local authorities.
Zenabis Global announced on Friday that its Maltese joint venture, ZenPharm Limited, has received its medicinal cannabis license from the Maltese regulatory authorities.
It plans to start shipping around half a ton of cannabis out of Malta annually, with its medicinal cannabis license allowing ZenPharm to commence commercial shipments to the EU, where Germany is ZenPharm's most prominent target market.
The company, which will operate from Ħal Far Industrial Estate, will not be growing cannabis locally. Instead, it will import cannabis from its Canadian partner Zenabis, process it locally and then export it to the EU and UK.