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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Zenabis Global Inc. > This is going to hurt Monday

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Post by optex1972 on Jun 13, 2020 8:27pm

This is going to hurt Monday

So by over 4.5x they screwed up on their losses? This management needs to goto school
https://thedeepdive.ca/zenabis-amends-q1-financials-loss-increases-to-7-7-million-from-1-5-million/

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Comment by buddyboybruce on Jun 13, 2020 9:02pm

The "loss" was due to a Series A round led by several angels and a VC who really believe in the entrepreneurial team. Income from operations robust at $5M+ for Q1 proving that the Series A investors were correct. Financial accounting for long-term debt is approached and implemented differently by some accounting firms as it is the most complex area of finance.

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