Zenabis Global Inc. T.ZENA

We are a diverse, passionate team of doctors, scientists, researchers, growers, educators, and advocates who came together with the goal of increasing access to safe, high quality cannabis for medical patients and recreational consumers. Our four facilities are located coast-to-coast across Canada in Delta and Langley, British Columbia; Atholville, New Brunswick; and Stellarton, Nova Scotia. Zenabis currently owns 3.5 million square feet of facility space.

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Zenabis Global Inc. > Possible reason for the delay

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Comment by Jimmy713on Mar 31, 2021 1:26pm

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Post# 32915186

RE:Possible reason for the delay

I did an E-search to understand which court case you mean - I see 3 active cases during March 2021 ... I am not sure but the other 5 could be finalized.

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Organization Name:

ZENABIS

Results: 1 - 8 of 8

Last Name, First Name Style of Cause	Classification of File	Court Location	File Number	Date File Opened	Date Last Updated
ZENABIS GLOBAL INC ROBSON CRUSHING AND DEMOLITION INC v ZENABIS GLOBAL INC	Supreme Supreme Civil (General)	New Westminster Law Courts	232951	12Nov2020	12Nov2020
ZENABIS GLOBAL INC. LAPORTE ENGINEERING INC. v ZENABIS GLOBAL INC.	Provincial Small Claims	Robson Square Provincial Court	2066940	13Jul2020	13Jul2020
ZENABIS GLOBAL INC. ADOBE, INC. v ZENABIS LTD.	Supreme Supreme Civil (General)	Nanaimo Law Courts	91535	11Aug2020	26Nov2020
ZENABIS INVESTMENTS LTD. ZENABIS INVESTMENTS LTD. v 2657408 ONTARIO INC.	Supreme Supreme Civil (General)	Vancouver Law Courts	211622	19Feb2021	26Mar2021
ZENABIS LTD. ZENABIS LTD. v INTERNATIONAL HERBS (B.C.) LTD.	Provincial Small Claims	Robson Square Provincial Court	1862664	13Nov2018	04Feb2019
ZENABIS LTD. ADOBE, INC. v ZENABIS LTD.	Supreme Supreme Civil (General)	Nanaimo Law Courts	91535	11Aug2020	26Nov2020
ZENABIS LTD. EXEL SYSTEMS INC. v ZENABIS LTD.	Supreme Supreme Civil (General)	Vancouver Law Courts	209521	22Sep2020	02Mar2021
ZENABIS LTD. TVE INDUSTRIAL SERVICES LTD. v ZENABIS LTD.	Supreme Supreme Civil (General)	Vancouver Law Courts	2010914	27Oct2020	29Mar2021

MurHam wrote: Zenabis is currently in court (Mar29 and again today) to finalize the buyout terms. I went online and purchased the filings fo(for $6) which are publicly available on the BC govt website. In the filings it reports that Zena did $14.9M in fourth quarter net cannabis revenue. This is a 40% increase over Q4-2019 yet a decrease from Q3-2020 and below low end guidance of $16M. Since this information is hearsay I can not confirm the actual yet since it is in a legal document it should be given at least a little more probability of accuracy.

This performance is certainly understandable given changes to shipments to Israel and Covid resurgence let alone all the turmoil of Q3/Q4. New CEO/refinancing/cost controls....

My overall read is positive on Qtr and my forecast for Q1 is expected off the charts -- $23-25M. This bodes very well for the merger with Hexo.

As for the above noted court proceeding -- my guess is we hear by end of today with fins and it will be the final item that opens the door for the merger with Zena to be completed in mid May.

My low end forecast is Hexo at $11.5 by mid June meaning Zena = $0.20 which is a 300% return for those lucky folks who chose to purchase at $0.05 in Q$-2020.