More dilution coming for Zenabis next year- 142 MM in debtWith 80 MM of debt due next June to Oct 2020 and a marketcap of only 186 MM currently I could see those convertable excercise price get re-priced much lower with more warrant coverage if Zenabis fails to secure debt financing from a big 5 bank. if that occurs, watch out.
Think that is why Zenabis has so much selling pressure since they RTO'd. The shorters see their compicated debt structure which will eventually lead to more dilution down the road. It doesn't matter how much weed they produce as wholesale prices keep falling so their margins are falling and I doubt this company is cash flow postive enough to start paying off all their debt by next year.
Time is ticking!!
Bobby