RE:Legit question It's a large number but having a shelf prospectus at the ready is pretty much standard practice and a sizeable portion may be required in the ZENA deal. There is a bit of a financial mess to be cleaned up there.
I gotta admit. It's interesting to observe the confusion and havoc created by any suggestions of financing in the mj space these days.
Valens picked up nicely today though, even after a little surprise financing a couple months ago. So there's still hope for mj done right, like HEXO.
cheers