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ZenaTech Inc T.ZENA


Primary Symbol: ZENA

Technology Software - Application
ZenaTech, Inc. is a Canada-based technology company specializing in artificial intelligence (AI) drone solutions and enterprise SaaS solutions for mission-critical business applications. Its solutions include Drone Technology Solutions and Enterprise Software Solutions. Its drone technology solutions include ZenaDrone 1000 and ZenaDrone IQ. The ZenaDrone 1000 is a drone that combines software technology and custom hardware components, catering to diverse industries. The ZenaDrone IQ series is designed for indoor hovering with autonomous inspection and monitoring capabilities. Its ZenaDrone solutions are used for agriculture, defense, and logistics applications. Its enterprise software solutions are TillerStack, SystemView, WorkAware, PsPortals, Pace +, and ZigVoice. Its Enterprise Software solutions are used by customers in government, law enforcement, health, telecom and industrial sectors for a variety of compliance, safety, field service, and records management applications.


NDAQ:ZENA - Post by User

ZenaTech Inc > Is tilray in the right or wrong?
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Comment by buddyboybruceon Aug 19, 2020 12:44am
77 Views
Post# 31426537

RE:Is tilray in the right or wrong?

RE:Is tilray in the right or wrong?Zenabis has been always been transparent and forthcoming regarding the Prepaid Supply agreements, including Tilray. Please read the section, Supply Agreements, Contract Cultivation Agreements, and Bulk Market Cannabis Sales under the following Corporate Update, dated April 30, 2020: https://www.zenabis.com/zenabis-provides-corporate-update-2/

"In one case, the Company (Zenabis) expects to commence arbitration with respect to a prepaid supply agreement (Tilray, 2019 Prepaid Supply agreement) after considerable deferrals of pickup of accepted offers." In layman terms, Tilray is not picking up their agreed to orders and is requesting contract relief. 

Zenabis has the right to demand adequate assurance of performance from a distressed counterparty, that is Tilray. 

Others are lining up to sue Tilray for non-performance, for example Wyckoff's arbitration demand claims that Tilray is obligated to purchase at least 13,000 kilograms of product for the 2019/2020 crop year. 
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