Cannabis company Zenabis Global Inc. (TSX:ZENA) to merge with Cronos Group Inc. (NASDAQ:CRON). This must be where buddyboyThomas gets his rumours - "..a conversation with a friend who used to work at Zenabis....":
A “Big Player” Might Be Looking to Acquire Zenabis
From a conversation with a friend who used to work at Zenabis Global Inc., Rich has tuned in to rumors that Zenabis might be acquired by a larger company in the cannabis space.
“If they did get acquired the stock would explode on that news, so those who wanted to get out could get out,” says Rich. “If they do get acquired, it would be by a monster. If they get acquired by, say, Aurora, then [shareholders in Zenabis] would get shares of Aurora.”
In addition to Aurora Cannabis Inc. (TSX:ACB) (NYSE:ACB), Rich cites Canopy Growth Corporation (TSX:WEED) (NYSE:CGC) and Tilray Inc. (NASDAQ:TLRY) as potential companies interested in acquiring Zenabis.
While these rumors cannot be confirmed, and might not actually come true, it will be interesting to watch how the gossip affects the stock price.