WarrantsThe Warrants issued and tradable Warrant Symbol - ZENA.WT
Number Trading - 12,777,777
Expiration Date - April 17, 2022
Cusip - 98936N 11 0
Exercise Price - $1.98
--> if we didn't hit $2 per share by next year, the above 12.7m warrants will be flushed out for FREE. A.K.A very overvalued
Additionally - Future issues On Oct 30th, 2020 - Zenabis Announces Conversion of Remaining Secured Convertible Notes ... Additionally, the Note Amending Agreement provides for the issuance of an aggregate 16,104,403 warrants ... for a period of five years from the date of issue ... subject to the Company's right to accelerate the expiry date of the Warrants to a date that is not less than 15 days following delivery of written notice from the Company if the trading price of the Common Shares equals or exceeds $0.1356 for a period of 10 consecutive trading days on the Toronto Stock Exchange (the " TSX ").
On Oct 19th, 2020 Zenabis' issuance of 1,237,500 common share purchase warrants (" Warrants ") to each Noteholder. Each Warrant entitles the Noteholder to purchase a common share in the capital of Zenabis at an exercise price of $0.15 for a period of five years from the date of issue.
Sept 23, 2020
the Company sold 89,317,747 Units at a price of $0.085 per Unit for aggregate gross proceeds of $7,592,008.50 . Each Unit consisting of a common share of the Company (each, a " Common Share ") and one common share purchase warrant (each, a " Warrant ") to purchase a Common Share at a price of $0.10 for a period of 60 months following the closing date of the Offering.
Did I miss anything?? At this step of the business, we are doing great, non of that is a big deal ... To da moon