RE:Zenabis Delta facility offer pending - Under Contract Senior Debt will bear interest at a rate of 14% per annum and will have a maturity date of July 20, 2020 (The debt maturity had been extended to December 31, 2020 as a result of the delayed asset sale). Zenabis’ intent is for the Senior Debt to be repaid from the proceeds of the sale of Zenabis Delta.
From the chart below, assuming sale closed without issues, the December 31 debt is taken care of and next deadline is the 0.3m in March 2021.