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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 StoneMan45on Oct 28, 2019 7:49pm
106 Views
Post# 30278872

RE:RE:RE:RE:RE:Wait for it :)

RE:RE:RE:RE:RE:Wait for it :) really not that hard to see that management suggesting that shorters can cover by buying the ZENA.RT options is a bit of a setup. They themselves, will likely be buying some of these options ...I know I will and that's for the investors that choose to sell the options rather than convert them. This has a real chance that shorters are going to be a helpful driving force as this get closed on Thursday. The call re: the rights options that is going to include an update might just get things started but it will likely be only the first round. I started off a bit shocked by the move but there is good logic to this move even from the stand point of keeping fund raising to the current shareholder base...this gave the option to current shareholders to participate and essentially keep the exact same ratio of ownership on the company which if you believe it is a good company on the cusp of good things, is smart. Of course everything was played on and shorted and a lot of over-reaction with the confusion as if there was a race to get out...just plain crazy but the .24 that I bought at today is beyond crazy. It should never have gone below .35 and at .30/share well that was the equivalent to pricing the existng shares from .50 and giving away all the new shares for FREE .  Anyway, I think this is a shorters trap and it's about to close.
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