RE:The Untalked About Facts!jevs wrote: Some weekend fodder... Sundial has about 700 million that they have professed to lend out or otherwise invest. For the sake of this conversation lets start at a very conservative 5%. That would translate into 35 million straight profit over the next 12 months and would continue to come in over the length of the loan. Now, the CEO stated in the telephone call that ' a dollar in the cannabis investment game is not worth a dollar. It is worth a lot more.' Look what they had lined up with Zenabis, money lent out at 14% plus ongoing royalties for the next 32 quarters on total sales. Apply that to the equation and you end up north of 100 million a year coming in for no outlay in expense or labour. They are destined for greatness!
Zenabis is being taken over by HEXO, the vote goes through May 13th, likely wrapped up within 30 days on the outside. HEXO noted that debts owed by Zenabis will be addressed shortly after the merger of the two companies is complete.
Bye-bye 14% interest payments to SunDial... which, by the way, was a dirt-bag deal by SunDial management to rape a company struggling to survive.
JMHO