May as well add the beginning also Apr 2/20 Amended ReportApril 2, 2020 NOTICE TO READER
Refiling of the Audited Consolidated Financial Statements for the Year Ended December 31, 2019
The audited consolidated financial statements of Zenabis Global Inc. (formerly known as Bevo Agro Inc.) (the "Company") for the years ended December 31, 2019 and 2018 (the "Consolidated Financial Statements") have been refiled in order to correct typographical errors on the following items as listed below:
(i) Consolidated Statements of Changes in Equity on page 5 of the Consolidated Financial Statements:
The line item caption “Issuance of warrants net of deferred tax asset of $1,220,964” was amended to “Issuance of warrants net of deferred taxes of $1,220,964”.
(ii) Consolidated Statements of Cash Flow on page 6 of the Consolidated Financial Statements:
(a) “Net cash used in operating activities” for 2019 was corrected from $(78,879,109) to $(78,617,237) due to the following items:
• "Accrued interest" has been corrected from $9,404,543 to $(8,087,979);
• "Accretion expense" has been corrected from $(8,087,979) to $9,404,543;
and • "Unrealized gain on investments" was corrected from $(2,087,912) to $(1,826,040).
(b) “Net cash used in investing activities” for 2019 was corrected from $(92,041,425) to $(92,303,297) due to "Purchase of investments" being corrected from $nil to $(261,872).