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. > 350,000 rights

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Post by bonehead222 on Nov 16, 2019 12:47pm

350,000 rights

I bought 350k rights at 2 cents and am considering investing the $35,000 needed to exercise them Good move or bad?

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Comment by CannabisHero on Nov 16, 2019 1:02pm

I believe ZENA is the best deal in the entire cannabis sector right now but that's just my opinion. They have scale, low cost production, supply agreements with all provinces and Shoppers, have figured out many operational issues, have agreements in Europe, are capable of growing really good weed, have the agreement with PAX, and with a fully subscribed rights will have $20 million less debt. ...more

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Comment by Fabnaps on Nov 16, 2019 3:27pm

And how much debt do they have? How do you think they will restructure the debt? Thanks

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Comment by bonehead222 on Nov 16, 2019 6:01pm

Sales will be insane next quarter with the massive ramp up looks to be more than 140,000 kgs(140 million grams) Say even 4 bucks a gram probably $5 560 million-700 million sales next year I really don't think 150 million debt is going to be a problem lol

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Comment by CannabisHero on Nov 16, 2019 6:04pm

GMP estimates 200 million revenue next year with the downward revisions. This is a no brainer for me.

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Comment by bonehead222 on Nov 16, 2019 6:53pm

Do you have a link for that? I think its much higher than that

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Comment by CannabisHero on Nov 16, 2019 7:03pm

https://thedeepdive.ca/gmp-securities-lowers-zenabis-price-target-to-1-00-rating-to-speculative-buy/ $200 million is a lot of revenue for a company with an enterprise value of $150 million.

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