ZenaTech Inc T.ZENA

Zenabis looking great on all fronts

[buddyboybruce]

Here is a copy/paste below: It is clear that Zenabis is in full assurance of performance.  Zenabis is ready, capable, and willing to perform its contractual obligations. However, Tilray is on the rocks and refusing to pickup orders of what it already paid and agreed to pickup. Tilray has other things to worry about as they have been named in a $500M class action lawsuit. This $500 million lawsuit is accusing Tilray of distributing products with incorrect THC and CBD levels. Tilray might not be around next year if they lose the $500M lawsuit. 

Supply Agreements, Contract Cultivation Agreements, and Bulk Market Cannabis Sales

Demand for bulk cannabis has varied considerably by counterparty (including supply agreement, contract cultivation agreement, and bulk market cannabis counterparties), with this variation appearing to be impacted by counterparty liquidity, end-consumer recreational cannabis demand, and THC-level of available cannabis. Counterparty reaction to the COVID-19 crisis has ranged from deferral of pickup of orders, to requests to reduce or eliminate volumes under contract cultivation agreements, to requests for alternative products. In one case, the Company expects to commence arbitration with respect to a prepaid supply agreement after considerable deferrals of pickup of accepted offers and other disagreements. 
https://www.newswire.ca/news-releases/zenabis-provides-corporate-update-878585122.html