RE:RE:RE:Discount And just one other point.
some shareholders are confused in thinking that just because Hexo goes up or down - that there is an 'automatic' link between the two companies share price.
At this point - there's only talk of a merger and upcoming vote, until that approval is offcial (which is probably will be) the two are separate companies conducting separate business transactions that affect their share prices.
So, yes if a lot of Zena shareholders sell or buy, sp will move independent of what's happening at Hexo. More might buy if Hexo goes up though - more might sell if Hexo goes down is the only connection.
As usual, littlejim makes sh*t up when he doesn't know the answer.
Canuck - more likely is that while most Zena shareholders are hanging on to their shares at this point, there's many that did buy at a lower price and are sitting on profit (although maybe small).
I think these many of these are choosing to just say phk it and opting to take the small profit - rather than have their money sitting idle until the merger is complete. There's every reality that Hexo can drop - so a bit of profit that frees up money to invest in GOOD stocks is better than hanging on in the hope you'll get a .03 cent premium instead of .02.
Personally, I've suggested the palce to be is in vertically integradted, multi state cannabis operators in the U.S. - focusing on California and New York. There are still some bargains avilable - besides the big guns like Curaleaf, Cresco, Trulieve etc.