HEXO money moving into ZENAGuys,
Simply based on the number of emails I am getting regarding scenarios where people ask me about selling HEXO to buy ZENA I would suspect there are still a number of investors shifting around their plays (or portions of their cash) to start positions in ZENA with the assumption that the ZENA / HEXO merger will indeed get voted through.
This process of investors revisiting their Cannabis investments and shifting between the two stocks may go on for serveral more trading days and may be contributing to some of the HEXO SP pullback. Once that settles down and everyone is happy with their new / modified positions we should (IMHO) see a bit more or a tigher tie between the value of both stocks based on the conversion ratio.
Hope everyone is having a good day, doing some research before trading and giving some serious thought as to the potential these two companies will bring to the market.
GLTA
Q