RE:RE:Zenabis files court proceedings seeking judicial...It has to be expected that HEXO was fully aware of all of this and took it into account when they struck the deal with ZENA. Long story short, HEXO has signed up to pay .01772 conversion for each ZENA share to move it them over to HEXO. Even if HEXO sits around $10 until the deal goes through that works out to roughly 18 cents per share.
HEXO in pre-market trading is around $10.30 this morning, nothing says HEXO shares could we worth a bunch more after it reports it's number in mid-March.
StoneMan45 wrote: this is an expected thing and it's good to see Zena go this route, proactive and closes the Sundial door firmly. Whatever is owed on the $13.7 mil they have the funds but no sense paying anything if Sundial is going to continue false insinuations and allegations in their efforts to thwart Zena. Sundial lost this game by calling the larger loan right after it was granted, for malicious and ficticious reasons. Suck it Sundial