Adios ZenabisSo, like most - I'm confident Zena shareholders will vote to accept the Hexo acquisition.
Not much choice - it's that, or Zena will face bankruptcy and long term investors with high purchase prices would end up with nothing.
At least, you'll recover a little more after the conversion - and you can sell them, albeit still at a loss - or just hold Hexo if you're confident with that clown show.
You might have heard that if you're into cannabis - established U.S. vertically integrated MSOs are the only way to go. Stay away from the long shots - a lot of good ones out there.
I've said all along that it was just a crying shame - Zena had such incredible potential only to be destroyed in two years by incompetent, sleezy and greedy management - but that's just an opinion. I'm glad Leo Benne/Bevo et al, got out of Zena in the end - hopefully worn but wiser.
I expect it won't be long before Hexo breaks the Langley lease and closes that down - they just don't need the production in a leased facility and eventually they'll have to sell off the other assets for peanuts, just like Newstrike - but that's their business.
Anyway - good luck to all you Zena Warriors and good luck with your future investments.