RE:RE:diluting shares to pay for Zenabis?Technically, NO. They are claiming it can be used for multiple reasons, but i am asking if we all thhiink its purley to offload all the debt for Zenabis right off the bat:
The company expects to use the net proceeds from the ATM Program for general corporate purposes, which may include: costs associated with the company's U.S. expansion plans including the contemplated acquisition of a facility in the State of Colorado and its subsequent retrofitting and improvement; and capital expenditures, including potential capital expenditures to make additional improvements to the production lines at the company's Belleville, Ontario facility; and potential future acquisitions; and working capital, including replen ishing existing cash resources and working capital which will be used to fund certain transaction and integration costs and minimum debt repayments related to the company's proposed acquisition of Zenabis Global Inc. (ZENA.TO); and repayment of additional debts owed by Zenabis following the completion of the Zenabis acquisition. Spectra7 wrote:
you do read company NR's, right. Of course it's part of the Zen deal. Very clearly articulated on the original release...." ALL STOCK TRANSACTION "!!! ...why the question mark??? Cheers S7