Management knew this was in the pipeline This is just an opinion but not a verified fact.Management had an advantage when it came to the Rights Offering. They know about all pipeline projects and issue. They should NOT have been allowed to participate in the Rights Offering. Just an opinion. They are going to make 15X their investment because of, let's put it this way, "insider knowledge"
Just an opinion. Nothing but an opinion. Even at 0.50$ this stock is still a steal.
Highlights:
- The amendment received on December 13, 2019 adds 39,400 kg of licensed annual cultivation capacity at Zenabis Langley;
- This amendment increases Zenabis' total licensed annual cultivation capacity by 69% from 57,000 kg to 96,400 kg of dried cannabis, and Zenabis Langley licensed annual cultivation capacity from 9,900 kg to 49,300 kg, an increase of approximately 400%;
- This amendment increases licensed operating space from the existing 99,000 square feet at Zenabis Langley to 200,300 square feet; and
- Zenabis has reached substantial completion on Zenabis Langley Part 2B (14,800 kg of annual cultivation capacity) and intends to submit a license amendment for this phase before the end of 2019
Read more at https://stockhouse.com/news/press-releases/2019/12/16/zenabis-announces-receipt-of-license-amendment-of-zenabis-langley-for-an#o5BGOULf0aV05Ope.99