Grieve is getting paid and we’re all getting fk’d When Andrew Grieve was announced as the CEO, they also let us know that Grieve’s fundwould get paid for providing advisory services.
In connection with Mr. Grieve joining Zenabis as CEO, Zenabis has also agreed to enter into a separate agreement with Agentis Capital Partners in order to continue to receive financial advisory services from Agentis. The financial advisory agreement is for a term of one year and is intended to assist Zenabis in its participation in the anticipated industry consolidation over the coming year. Agentis will receive customary, market-based, success fee payments on completion of financings, acquisitions and dispositions during the term of the agreement.
It doesn’t stop there. During the last quarter, $995k service fees were paid to companies controlled by the CEO, CGO, and Chairman aside from the $226k advisory fees discussed above. I