This is from "Hank" over at Yahoo After having a chance to digest this update...if these warrants are the only dilution we have to worry about for the next 5 yrs, that's not too bad....and considering the p/b is so insanely low, zena is way under valued anyway...
They have succeeded in postponing the debt... this was the biggest concern... June 2020 is no longer an issue. They can concentrate on revenue and operations now.
Now it's time to grow... and they are. Current capacity of 96,500 kg per year and likely to be 140,000+ kg before the end of 2020.
Europe, Ontario will buildout, beverages, propagation, vapes, multiple partners, etc...all good stuff. They will be a Teir 1 company soon.
I'd like to know if the royalty replaces accrued interest on the postponed debt, or will the postponed debt also have interest accumulating... giving rise to a bigger debt when they start making payments in April 2020?