Ka-ching!! Zenabis Money Machine! +$2m per month pouring in! Zenabis to record EBITDA of upwards $7 million in Q4 2020.
13 weeks in one quarter, would be about $0.5 million per week, within the estimate Zenabis expects to record Q4/2020.
source:
Another way of looking at it, $2 million per month dropping into Zenabis' bank account. Also, with the sale of Delta for $6.65 million, the $7.5 million December debt is 88.7% taken care of. The 850K difference can be taken from revenue stream or cash on hand (ZENA had $4.8 million cash as of September 30, 2020, source Q3 Financials) ... the $0.3 million debt due March 31, 2021, could be funded easily from revenues.
ELIMINATING DEC. 31, 2020 DEBENTURE WILL ELIMINATE THE 261K QUARTERLY INTEREST PAYMENT ON THIS DEBT.
Next big debt obligation is $9.1 million (ONLY 6% INTEREST RATE) maturing June 30, 2021. Smooth sailing for next 7 months.