ZenaTech Inc T.ZENA

Primary Symbol: ZENA

Industrials Aerospace & Defense

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 > Zenabis Files Court Proceedings of Debenture

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Post by Jimmy713on Feb 22, 2021 7:50am

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Post# 32624271

Zenabis Files Court Proceedings of Debenture

Let’s set the facts straight - The court is about the royalties’ calculation, that’s it and that’s all.

Remember, Zena rose $15m by the ATM, my best guess, if SNDL is right they will get some/all of claimed $13.7.

All in in all - all bases seem pretty well covered, and the focus is on the deal with Hexo and/or Receiving other bids.

Zenabis is seeking the Court's determination of the correct calculation of the amount required to exercise an option to buy out the amended royalty provided for in the debenture (which Zenabis contends is nil, based on current facts and circumstances and the debenture lender asserts is $13.7 million), whether the amended royalty is secured by the same security charging the debenture as well as related security (which the debenture lender contends and Zenabis Investments disputes), and whether certain prepayment amounts and default fees are payable under the debenture (which th e Debenture Lender contends and Zenabis Investments disputes).