Zenabis Global Inc. T.ZENA

RE:The Zenabis update ...may... be pretty darn good

[Zaybure]

StoneMan45 wrote: https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00007772

yes they are saying it is possible that the heightened covid may(as it may interupt their rapidly increasing sales but then again it may not) impact q4 guidence slightly but it is still a very good gain . 


The Company is expecting record monthly sales into Alberta in the month of December and sales continue to trend upwards in all of the nine provinces and three territories where our products are listed. The implementation of COVID-19-related lock-downs and other restrictions in the Company’s key markets during the fourth quarter of 2020; however, may temporarily interrupt this upwards sales trend and the Company is accordingly revising its consolidated net revenue guidance for Q4 2020 to $22 million to $27 million comprised of $16 million to $19 million for the Cannabis segment and $6 million to $8 million for the Propagation segment. Consolidated adjusted EBITDA for the quarter is now expected to be $3 million to $5 million. Sales of pre-rolls continue to grow with month-over-month sales increasing 9% on average for this category, for the eleven completed months of 2020, and 13% month-over-month growth over the last three months.

Don't know if this is to lower expectation, nevertheless it's positive news as a whole.

In the price action this morning, very little movement from last week: the Bid price (.045) stands at 10M shares while the Ask price (.05) is in the 1.5M shares range.