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ZenaTech Inc T.ZENA


Primary Symbol: ZENA

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

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Post by buddyboybruceon Nov 09, 2020 10:20pm
305 Views
Post# 31868234

Zenabis-Tilray spat resolved and ZENA a big winner

Zenabis-Tilray spat resolved and ZENA a big winnerToday, Tilray reported Q3/2020 and their MD&A is posted on SEDAR.

Copy/paste from page 41, I believe to be in reference to Zenabis Global Inc. (all values in US Dollars):

Contractual Obligations
During the three months ended September 30, 2020, we successfully terminated or renegotiated several significant supply contracts. On August 5, 2020, we reached an agreement with an unrelated third party and terminated supply agreements for purchase commitments of $17.4 million. As part of the agreement, we will not seek reimbursement of an advance deposit we had previously provided to the third-party supplier of which $4.9 million remained outstanding as of June 30, 2020. We included the $4.9 million in inventory valuation adjustments in cost of sales that related to the write off of the advance deposit in our statements of net loss and comprehensive loss.


source: 
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00045453
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