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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

TSX:ZENA - Post Discussion

Zenabis Global Inc. > Grizzle.com is optimistic, for a change
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Post by Free55dom on Jan 16, 2020 8:41am

Grizzle.com is optimistic, for a change

Change in times, may give us some upside, we need a follow thru some news.

https://grizzle.com/zenabis-gives-itself-some-breathing-room-with-partial-conversion-of-debt/
Comment by Deadcow on Jan 16, 2020 9:17am
There's just a small error in the last sentence of the Grizzle report . The share count will increase by roughly 23 % and not 40%.  the author probably used the old share count to do his math before adding the new shares issued after the last rights issue !   GLTA
Comment by StoneMan45 on Jan 16, 2020 10:03am
if the full amount is converted (not a big if there) that would be $10,104,734 debt converted  and if/when the warrants get exercised for $4,277,919.60  the total shares added would be 86,581,419 the total #shares for Zenabis would be 434,297,980........ dilusion would be 86,581,419/434,297,980 = 19.94% would rather have had them allow the share price to rise a bit before this type of ...more  
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