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Zenabis Global Inc. T.ZENA

We are a diverse, passionate team of doctors, scientists, researchers, growers, educators, and advocates who came together with the goal of increasing access to safe, high quality cannabis for medical patients and recreational consumers. Our four facilities are located coast-to-coast across Canada in Delta and Langley, British Columbia; Atholville, New Brunswick; and Stellarton, Nova Scotia. Zenabis currently owns 3.5 million square feet of facility space.


TSX:ZENA - Post by User

Comment by smallcap87on Feb 07, 2019 12:50pm
84 Views
Post# 29333022

RE:Share Price on CubicFarms shares

RE:Share Price on CubicFarms sharesJust want to clarify that the value of $0.15/sh for Cubic, to my knowledge, is only a deemed value for transaction accounting and tax purposes. It is not necessarily indicative or management's view of the ultimate market value of Cubic once it begins trading. So that figure of $0.15 should not be taken as gospel or relied heavily upon. Also, Cubic had a press release today announcing a $10m investment from a strategic partner, the terms of which have not yet been disclosed. This investment would have had a valuation peg attached to it, which would be a better marker for expected value. Hopefully more detailed terms of the $10m strategic investment will be release shortly or in conjuction with the listing/trading.
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