BLACKROCK Municipal Income TRUST V.BFK.P

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BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.

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BLACKROCK Municipal Income TRUST > HEXO to acquire Zenabis

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Comment by Select55on Apr 20, 2021 3:58pm

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RE:RE:RE:RE:RE:HEXO to acquire Zenabis

its more than 899.69M shares according to Scotia as theres like 200 million warrents out there also;; BUt yes the 235 i quoted did include the 110 million in debt I messed up in that calculation

Touran77 wrote:

Select55 wrote: just because HEXO filed the prospectus does not mean they will simply sell 1.2 billion in shares they haveover 100 milion in cash now ;; they never bought zena cheap they paid 235 million in shares value and paid or accepted the 100 million in zena debt Zena in its current BK form aint worth 1/2 that

quinlash wrote: HEXO scooped up Zenabis as cheap as they did due to Zenabis essentially running out of money before it because cash flow positive and it was left with little to no options to raise additional funds in order to keep the operation going while it crossed over from being adjusted EBITDA positive to cash flow positive. The two companies combined will result in cost savings with sales from their combined product lines appearing solely on HEXO's books.

If HEXO uses some of the 1.2 billion they are looking to raise to pay off 100% of their debts then we will have HEXO as the 3rd largest LP in Canada with zero debt.

quinlash wrote: Investors will be voting on this in 13 days... so in 13 days HEXO could grow to the 3rd largest producer in Canada... POW .. from 4th to 3rd... nice hey :)

Looking forward to voting in favor of the deal myself

quinlash wrote: HEXO and Zenabis produced a Slide presentation to outline the pending deal between the two companies. A link to it is provided below. I would strongly suggest any investor on those stocks review the slides and determine for themselves if they agree with the HEXO board of directors and the Zenabis Board of Directors considering both boards are in favor of the deal proceeding

HEXO PowerPoint / PDF Summary Presentation Regarding Zenabis Deal
https://www.zenabis.com/wp-content/uploads/slider/hexo-corp-project-zebra_2021-03-25_12_10_21/hexo_corp.pdf?fbclid=IwAR0FlnKRYtEoOPfI0y6BKEgGN04sNV8HMzc7zYYmF4_5w1zOdoWTe_Oxv1c

As per marketwatch, zenabis has 857M outstanding shares.
857M*0.01772= 15.2M
15.2M* 6.55 CAD (hexo current SP)= 99.6M
If we add their debts of around 100M, Hexo paid 199.6M for a debtfree company that has annual sale of $60M (and increasing).
Find me a better deal? :P you'll have a hardtime :).

GLTA