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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 Apr 06, 2019 11:31am
80 Views
Post# 29591785

RE:RE:RE:RE:RE:note to self, always check insider activity before buying

RE:RE:RE:RE:RE:note to self, always check insider activity before buyingWell lock-up agreements / pooling agreements like this are typical in instances of an IPO or RTO/Merger in this case as allows the investing public time to properly value and consider the company prior to insiders have a chance to freely trade. They protect minority shareholders in a way from insiders just dumping on the IPO/RTO excitement. I'm not sure of the actual legal requirements from the regulators (there are probably certain minimum lock-up time frames) but once the minimum time frame is met, management probably has some leeway to design the release schedule. And in this case of Zenabis, they designed it to be quite long - i.e. it is a longer lock-up period for Zenabis than for more companies in the cannabis space I would think. I think the Tilray lock-up for example was only 4 months. This one is much longer.
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