Bullboard - Stock Discussion Forum Zenabis Global Inc. T.ZENA

We are a diverse, passionate team of doctors, scientists, researchers, growers, educators, and advocates who came together with the goal of increasing access to safe, high quality cannabis for medical patients and recreational consumers. Our four facilities are located coast-to-coast across Canada in Delta and Langley, British Columbia; Atholville, New Brunswick; and Stellarton, Nova Scotia... see more

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TSX:ZENA - Post Discussion

Zenabis Global Inc. > 100,000 common shares

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Post by Free55dom on Oct 24, 2019 5:08pm

100,000 common shares

Will entitle you to the rights for 75,000 shares at .15

Rights Offering Details

Pursuant to the Rights Offering, each holder of Common Shares will receive one transferable right (a "Right") for each Common Share held. One and a half (1.5) Rights will entitle a holder to purchase one (1) Common Share at a price of $0.15 (the "Subscription Price") per Common Share. The Subscription Price is equal to approximately an 73% discount to the volume weighted average trading price of the Common Shares on the Toronto Stock Exchange (the "TSX") for the 5-day period ending on October 23, 2019.

I really do believe AG is caught, he was expecting the markets to pick up by now and they have not. If that is the case and he knows they have enough money, to, are ramped up, and are ready for the demand 2.0 will bring, he will make alot of people very rich.

But if this whole Zenabis has been a scam from the time of the merger, he will hurt alot of investors.

We have alot to think about, shorts do also have alot to think about.

GLTA,

Free55dom

105

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Comment by Free55dom on Oct 24, 2019 5:15pm

Oh ya, one more thing, alot of people, lp's, banks etc, want to see this company fail. Think about it flower cost isf $0 .75 a gram.

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Comment by OneWhoBlazes on Oct 24, 2019 5:25pm

The way this makes me feel is shares are worth .15 cents.. although the only silver lining is the people who do hold shares have an advantage of getting more shares for very cheap, but that is just adding alot of dilution. Only way this can be alright is if the share price went up due to amazing financials.. but they just confirmed they cant even package their product and their financials are ...more

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Comment by AL8888 on Oct 24, 2019 5:20pm

I think it is 66,666 shares.

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Comment by Free55dom on Oct 24, 2019 5:35pm

That's what I figured as well, than read over and over. I have 100,000 share which gives me 75,000 rights for $0.15. 1 to 1.5

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Comment by SandstoneMiner on Oct 24, 2019 5:57pm

If you have 100,000 shares you have 100,000 rights. You need 1.5 rights to purchase one share. 100,000 rights divided by 1.5 equals 66,666 shares that you can buy at 15 cents.

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