Zenabis Announces Closing of Disposition of Bevo Farms Ltd.Bevo transaction with Langley Propegation and floral Co. was from Dec 31st 2020 so there is no question that Bevo's sales will be sales before that will be included on Zenabis's Q4/year-end coming out which will likely be on the top end of the forecast @ 27 mil . Zena cleared a pile of debt as well as getting 8.79 mil cash , not too shabby.
[url=https://ceo.ca/@newswire/zenabis-announces-closing-of-disposition-of-bevo-farms][/url]
The cash closing proceeds received by Zenabis upon the closing today was approximately $8.79 million.
In addition, following the closing of the sale of Bevo to Langley, the Company's outstanding consolidated financial indebtedness has been significantly reduced since, concurrently with the closing of the sale of Bevo, Zenabis has been unconditionally released from its prior guarantee of Bevo's obligations to Bank of Montreal ("BMO") under the Bevo credit facility with BMO.