RE:RE:RE:RE:RE:RE:ZENA will be over 30 cents next weekHello Byb1985,
Tilray Inc. exhaustively vetted Zenabis cannabis in terms of taste, composition, quality, aesthetics, and strength relative to peers. Tilray was pleased to the tune of $30 million in dried cannabis from Zenabis. With all due respect, I trust Tilray's assessment.
You're refering to an old news, July 2019 press relelase - where Tilray agrees to buy up to $30 miilion over a 12 month period. The agreement had little to do with exhaustive quality testing - it was signed because Tilray was having problems securing supply - period.
In order to secure the deal - Zena had to sign over certain assets to High Park should they fail to meet the terms of the sales agreement. The sales price per roder depended on basically what Tilray wanted to order - and dicatedt the price they would pay.
$30 million/year equals $2.5 million per month - not a big deal in terms of sales, not a big deal - period, except to bs'ing pumpers.
Could you please advise as to where you got your information on the 'exhaustive vetting' you refer to?
Can you also please advise how much Zena has actually sold to Tilray/High Park and what the average prices were? Not sure where you'd get accurate info on that - certainly not from Zena's accountant or CEO.