From ZBISF Yahoo board - Interesting theorySavvy wrote:
- Both Zenabis and Village Farms International are HQ'd in the Vancouver Area.
- Village Farms has some of the largest vegtable greenhouse operations in North America.
- Zenabis was a major supplier of bedding plants to greenhouses through their subsidiary Bevo Farms(which they just sold).
- In November, Village Farms bought out its joint venture partner's stake in Pure Sun Farms, gaining 100% ownership of Pure Sunfarms. (Pure Sunfarms has the top selling flower brand in the Ontario market,13.6%, and six consecutive quarters of net profit).
- On Jan.15th, Village Farms issued a private placement of 10.9 million units for proceeds of CAD$171M, even though they had abundant cash reserves on hand. The stated reason was for "general working capital". Interesting that while Zenabis is looking for a dance partner, Village Farms raises a bunch of cash for no apparent reason.