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. Zenabis currently owns 3.5 million square feet of facility space.

TSX:ZENA - Post by User

Zenabis Global Inc.

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Post by AtlasInvestson Mar 31, 2019 11:47pm

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Post# 29562101

smart money interest

Even though they're only investing in the converts, engaging institutional investors should be benficial for the company as these tend to be more long-term investors.

"In addition, the Company has also entered into an Investment Agreement with three institutional investors (the “Subscribers”), and an Agency Agreement with Eight Capital, pursuant to which Eight Capital has agreed to offer for sale, and the Subscribers have agreed to purchase, an additional 60,000 convertible debentures (the “Additional Debentures”) at the Issue Price, for additional gross proceeds of $60,000,000 (the “Additional Offering”)."

https://www.zenabis.com/zenabis-completes-15-million-first-tranche-of-75-million-convertible-debenture-financing/

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