RE:RE:RE:RE:RE:HEXO Research Links (April 28, 2021)yes everyone is well aware of this that was not my question My question is on the Vote sheet for the hexo merger it asks for a vote of yes or no for a extra 220 million shares to be issued ;;Iam trying to find out what the reasons are for such a HUGE extra share approval who will benifit from this deal?? and what the reasons are for such ANYONE whom has read the vote sheet and or voted had to have read this and voted one way or the other ??
quinlash wrote: What you are referring to is on the Zenabis side, not HEXO. The deal with Zenabis is done on a fully dilluted share basis therefore any shares coming about through debentures have already been taken into consideration in the deal. The resulting shares to be issued by HEXO in order to bring Zenabis onboard is 22 Million HEXO shares, then HEXO will have ownership of Zenabis facilities, their product lines and product developments, any patents etc, owned by Zenabis.
Zenabis products are top sellers in Quebec and they have been working towards producing and releasing Gummies. Post-merger the revenues brought in by these products will appear on HEXO's books.