Zenabis Global Inc. T.ZENA

Possible reason for the delay

[MurHam]

Zenabis is currently in court (Mar29 and again today) to finalize the buyout terms. I went online and purchased the filings fo(for $6) which are publicly available on the BC govt website. In the filings it reports that Zena did $14.9M in fourth quarter net cannabis revenue. This is a 40% increase over Q4-2019 yet a decrease from Q3-2020 and below low end guidance of $16M.  Since this information is hearsay I can not confirm the actual yet since it is in a legal document it should be given at least a little more probability of accuracy.

This performance is certainly understandable given changes to shipments to Israel and Covid resurgence let alone all the turmoil of  Q3/Q4. New CEO/refinancing/cost controls....

My overall read is positive on Qtr and my forecast for Q1 is expected off the charts -- $23-25M. This bodes very well for the merger with Hexo.

As for the above noted court proceeding -- my guess is we hear by end of today with fins and it will be the final item that opens the door for the merger with Zena to be completed in mid May.

My low end forecast is Hexo at $11.5 by mid June meaning Zena = $0.20 which is a 300% return for those lucky folks who chose to purchase at $0.05 in Q$-2020.

[truthseeker1]

when u say finalize buy out terms I assume your refering to the 13 million sundial is claiming owed and zena claims they dont?

[StoneMan45]

not sure why they didn't/aren't  showing up in the Supreme Court Vancouver Law Courts daily case list court list  ZENABIS INVESTMENTS LTD. ZENABIS INVESTMENTS LTD. v 2657408 ONTARIO INC. Supreme Supreme Civil (General) Vancouver Law Courts 211622 19Feb2021 22Mar2021 On the 30th day of March, 2021 AT Vancouver

[Jimmy713]

I think MurHam has purchased the filings, which is what filled in 211622 on Feb 19th – March 22. This doesn’t mean that a court date/time is set in order to show in a list as what you provided below.   Cheers

[mydogchach]

Jimmy713 - (3/30/2021 12:41:29 PM) RE:RE:Possible reason for the delay I think MurHam has purchased the filings, which is what filled in 211622 on Feb 19th – March 22. This doesn’t mean that a court date/time is set in order to show in a list as what you provided belo Good god, can any of you actually explain why a court proceeding would stop the release of Q4 year end (Dec

[truthseeker1]

No one cares about 4Q figures as there skewed and with Hexo taking over there irrellevent Iam sure HEXO has done extensive homework and there more than satisfied

[Nuongalex]

@murham good breakdown  I hope your .20 cent prediction is correct. What approximate date frame you thinking this would be at ?

[truthseeker1]

it wont thats just the value u will get (possible) when the hexo convertion is done

[Jimmy713]

I did an E-search to understand which court case you mean - I see 3 active cases during March 2021 ... I am not sure but the other 5 could be finalized. Search Criteria: Organization Name: ZENABIS Results: 1 - 8 of 8

[Jimmy713]

Sorry folks, you needed to scroll down to see the list of 8 cases: Last Name, First Name Style of Cause Classification of File Court Location File Number Date File Opened Date Last Updated View ZENABIS GLOBAL INC ROBSON CRUSHING AND DEMOLITION INC v ZENABIS GLOBAL INC Supreme Supreme Civil