If the merger of the two companies is voted through ZENA shares will be converted over to HEXO at a rate of
.01772 for each ZENA share as per the News Release issued by the company.
Link to Zenabis News Release https://www.zenabis.com/hexo-corp-to-acquire-zenabis-global-inc/
Example of converion to HEXO:
HEXO
Shareprice | ZENA to HEXO
Conversion | Resulting Value of
Zena Shares | | |
| $8.50 | 0.01772 | $0.15 | | |
| $8.75 | 0.01772 | $0.16 | | |
| $9.00 | 0.01772 | $0.16 | | |
| $9.25 | 0.01772 | $0.16 | | |
| $9.50 | 0.01772 | $0.17 | <-- HEXO Today |
| $9.75 | 0.01772 | $0.17 | | |
| $10.00 | 0.01772 | $0.18 | | |
| $10.50 | 0.01772 | $0.19 | | |
| $11.00 | 0.01772 | $0.19 | | |
| $11.50 | 0.01772 | $0.20 | | |
| $12.00 | 0.01772 | $0.21 | | |
| $14.00 | 0.01772 | $0.25 | <--- HEXO 52 Week High |
| $16.00 | 0.01772 | $0.28 | | |
| $18.00 | 0.01772 | $0.32 | | |
| $20.00 | 0.01772 | $0.35 | | |
| $22.00 | 0.01772 | $0.39 | | |
| $24.00 | 0.01772 | $0.43 | | |
| $25.00 | 0.01772 | $0.44 | | |
| $27.00 | 0.01772 | $0.48 | | |
| $30.00 | 0.01772 | $0.53 | | |
| $35.00 | 0.01772 | $0.62 | | |
| $44.00 | 0.01772 | $0.78 | <--- HEXO all time High |
This little video does a pretty decent job of explaining how you can play the conversion gap between the trading price of HEXO and that of Zenabis shares
Link to Video https://www.youtube.com/watch?app=desktop&v=74QXkJGLN-U&feature=youtu.be