RE:RE:RE:RE:RE:RE:RE:RE:StunnedNot true. They reported a Q3 net EBITDA of $3.5M, which should steadily increase in Q4 from higher sales and improve in Q1 with slighty lower interest expenses. Debt still remains a problem, although it has improved.
As I mentioned to the other "guy". Very few players actually produce decent quality stuff. Large LPs have to rely on B2B sales just to maintain market share. If Zena maintains decent quality production out of Atholville and ramps up Langley, they will be in better shape in the future. We won't see an A quality player, but rather a solid B.
Why did SNDL want the Zenabis assets? 70% of current LPs operations are uneconomic and will eventually fold. Remove the debt, and Zenabis assets (except stellarton) become money making machines.