Bombay Hemp Company (BOHECO), the first movers in the Industrial & Medical Hemp sector in India, have entered into a collaboration and investment agreement with the founders of the Canadian hemp company Zenabis.
Monty Sikka is formerly the Founder and Chairman of Zenabis, which was recently sold to NYSE-listed HEXO Corporation for CAD 235 million. During his tenure as Chairman, Sikka took Zenabis right from its inception to a company that produced over 5,000kg of high-grade Hemp.
“The experience that we have gained in Canada will be invaluable to BOHECO. It allows us to offer guidance to Government as it crafts policy. Additionally, we can assist BOHECO in accessing global markets and refining production techniques to meet consumer demand,” said Sikka.
“It is unique and rare to find someone who has excelled in the legalised North American Hemp market and yet, has a firm understanding of Indian values and the traditional role of Ayurvedic treatments. We are thrilled to be able to utilise Sikka’s expertise in gaining a foothold for our Products in Canada and Europe while expanding our holistic wellness offerings in India,” stated Avnish Pandya, Co-founder and CRO, BOHECO.
Also joining BOHECO in an advisory capacity is Munmohan Sihota, who was the first Indo-Canadian elected to a Legislature in Canada and the first-ever Indo-Canadian Cabinet Minister.