RE:RE:Zenabis Global Inc’s Tilray Agreement is a TestamentObviously the author has more faith in the enforcement of the BM than has been shown in Canada. His article premise is entirely based on the collapse of teh black market. Legal only accounts for 3% of the total market worldwide? Yikes.
Also he is comparing to markets where there are only a few playersm, there are hundreds of licences in Canada alone.
Zena is likely a good buy at these liquidation prices but risky. They have not shown enough discipline or business vigor to even get an FCC loan with VQ on the board.
Once they are no longer in a cash bleed situation (ie positive operational cashflow) and can entice real financing it may take off. Until then we will only see modest spikes and retreats. At least the 16 cent warrants are better than the <8 cent warrants from the last round.
1hot-techwoman wrote: buddyboybruce wrote: Zenabis Global Inc’s Tilray Agreement is a Testament. That was the headline one year ago,
JULY 8, 2019. Zenabis Global Inc. (TSE:ZENA), one of the Canadian marijuana stocks, said it will supply $30 million in dried cannabis to Tilray Inc. (NASDAQ:TLRY). Under the supply agreement with Tilray, Zenabis is expected to deliver a monthly quantity of dried cannabis, commencing in October 2019.
For Zenabis Global, the agreement helps to validate the quality of their products. Prior to signing the definitive agreement, Tilray conducted extensive due diligence on Zenabis' cultivation facility and cannabis products. Prior to distribution, all cannabis products produced at Zenabis facilities will adhere to Tilray’s stringent quality assurance standards. The increased supply from Zenabis will allow Tilray to expand its capacity to supply the Canadian market with high-quality branded cannabis products.
Grab all you can at $0.08 :) https://nicinvestors.com/2020/06/10/you-stand-at-the-forefront-of-the-single-biggest-market-to-emerge-in-decades/