RE:RE:RE:HEXO to acquire Zenabisjust because HEXO filed the prospectus does not mean they will simply sell 1.2 billion in shares they haveover 100 milion in cash now ;; they never bought zena cheap they paid 235 million in shares value and paid or accepted the 100 million in zena debt Zena in its current BK form aint worth 1/2 that
quinlash wrote: HEXO scooped up Zenabis as cheap as they did due to Zenabis essentially running out of money before it because cash flow positive and it was left with little to no options to raise additional funds in order to keep the operation going while it crossed over from being adjusted EBITDA positive to cash flow positive. The two companies combined will result in cost savings with sales from their combined product lines appearing solely on HEXO's books.
If HEXO uses some of the 1.2 billion they are looking to raise to pay off 100% of their debts then we will have HEXO as the 3rd largest LP in Canada with zero debt.
quinlash wrote: Investors will be voting on this in 13 days... so in 13 days HEXO could grow to the 3rd largest producer in Canada... POW .. from 4th to 3rd... nice hey :)
Looking forward to voting in favor of the deal myself
quinlash wrote: HEXO and Zenabis produced a Slide presentation to outline the pending deal between the two companies. A link to it is provided below. I would strongly suggest any investor on those stocks review the slides and determine for themselves if they agree with the HEXO board of directors and the Zenabis Board of Directors considering both boards are in favor of the deal proceeding
HEXO PowerPoint / PDF Summary Presentation Regarding Zenabis Deal
https://www.zenabis.com/wp-content/uploads/slider/hexo-corp-project-zebra_2021-03-25_12_10_21/hexo_corp.pdf?fbclid=IwAR0FlnKRYtEoOPfI0y6BKEgGN04sNV8HMzc7zYYmF4_5w1zOdoWTe_Oxv1c