RE:RE:RE:RE:RE:RE:Zenabis merger meeting cancelled cmj1966 - (3/8/2021 8:35:49 PM)
RE:RE:RE:RE:RE:Zenabis merger meeting cancelled Another offer for a co. on life support LOL . Check last NR they extended thier credit facilty(that,s a big red flag) Maybe Hexo dug deep and realized not worth the cost of further dilution vs gain??
You Pumpers keep posting it,s a potential merger but it,s actually Hexo (maybe) taking over Zena and then Zena will be gone. Not much left of co. when you calculate the debt factor. Suprised Hexo offered what they did after Sundial was bottom feeding a desperately cash strapped co.
I tried telling you, it was a conditional sale - other things had to happen before the sale (it was never a merger). They'll either reschedule if and when it seems that those conditions can be met - or Hexo will use this as an excuse to back out (and buy U.S. assets like they should have been after all along)
My guess is that Hexo has seen Zena's preliminary year end numbers and the light bulb came on that Zena is nothing but a cash burning cow. Sundial dodged a bullet.
Like Buddyboy used to say "Zena will be .07 cents by Friday"