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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

Post by mydogchachon Aug 04, 2020 2:36pm
156 Views
Post# 31362735

Financials

FinancialsRevenue generation isn't the problem with Zena - it's the expense side and handling of the heavy debt load, both long and short term, coupled with inept management that have resulted of where things are at now.
Hopefully, the soon to be released quarterlies will show signs of a turnaround, but I guess we'll see over the weekend. I say the weekend because bad results will mean release on Friday after close - positive results will have a relelase early next week.
Surely the numbers will be accurate this time - you'll recall they had to file amended financials last quarter, changing the loss from 1.1 million to 7.7 million (a pretty sigificant error by....yes, incompetent management).

So - assuming the sp rises this week by a few cents, does one sell some shares Friday afternoon and take some profit, gambling with the balance of holdings. OR does one gut it out and hope for a big positive surprise next week and pocket a larger profit.
hmmmm - it's a dilly of a pickle as they say in greenhouse  sector. 


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