HEXO Equities Warrants Exp 2 Apr 2024 T.HEXO.W.A

Share Dilution

[mydogchach]

In addition to the share diltion when Hexo takes over Zena - and before the Public Offeriing's accumaulated share dilution, Hexo will incur the eblwo 200+ million dilution (converted).

Here's the story
-Zena owes Sundial $20 million
-Hexo lends Zenal $20 million to pay it's bill
-Zena pays off the $20 million in shares to Hexo

Hexo gave Sundial $20 million - in exchange for Zena shares, on top of the $235 million.
hahahahhahahahhahahha
 
Zena was a bad businesss sdecision

to approve the issuance of common shares of the Corporation ("Common Shares") in excess of 213,260,324 Common Shares, upon the conversion of the unsecured convertible debenture in the principal amount of $19.5 million issued by the Corporation and dated as of February 16, 2021, all as more particularly described in the Circular