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.

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ZenaTech Inc > Andrew Grieve put ZENA in RC Morris Capital Management deal

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Comment by buddyboybruceon Dec 04, 2020 5:02pm

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Post# 32042211

RE:RE:Andrew Grieve put ZENA in RC Morris Capital Management deal

buddyboybruce wrote:

buddyboybruce wrote: In 2019, Andrew Grieve, former Zenabis CEO, put Zenabis in the $50 Million R.C. Morris Capital Management debt deal at 14% interest (Secured Debentures). This is costing Zenabis $1.8M per quarter in interest payments. Earlier this year, Zenabis interim-CEO Kevin Coft pushed back the maturity to June 30, 2025. I'm not sure what Andrew Grieve was thinking with the original June 30, 2020 maturity date. Oh well, he's just a kid. Now it's going to cost Zenabis about $7 million per year of interest.... This is what Shai Altman is up against.

https://equity.guru/2019/08/21/zenabis-zena-t-pay-nose-50m-loan-just-getting-started/

https://www.zenabis.com/wp-content/uploads/slider/zenabis-presentation_2020-08-31_04_30_25/zenabis-investor-presentation-13-nov-2020-v1-18.jpg

Good deal for R.C. Morris Capital Management to get 14% on their 50M, considering that interest rates will be near zero until 2023. Also, secured debenture at that. R.C. Morris totally took advantage of wet behind the ears Andrew Grieve. Unbelievable.