Zenabis Global Inc. (fka ZBISF)

[Ringohalfcan]

If it wasn't for the accounting glitches- we would have soared higher than your prediction. Based on how much MJ they are growing now- we should be at 75 cents or more.

This company is going to be a cash cow by the end of the year. We will be out of penny land and on the NASDAQ.

[Coho20]

https://biv.com/article/2020/07/more-bc-cannabis-consumers-choosing-legal-suppliers-over-black-market-poll?amp

[imhereforthehaul]

I'm surprised, I thought they would wait a few weeks to put in a correction and watch it drop again.

[Stonerville]

I copy/pasted from Zenabis website but now it's gone.

[c01lovi1]

Where did you get the info from? It's not on Zenabis website.

[Stonerville]

Zenabis Provides Guidance for Q2, 2020 Results, Anticipating Revenues of $28.1M to $30.8M

VANCOUVER, BC, July 14, 2020 /CNW/ - Zenabis Global (“Zenabis” or the “Company”) (TSX: ZENA), is pleased to provide guidance on second quarter results for the three-month period ending June 30, 2020. Based on preliminary results, the Company anticipates revenues for the three-month period ending June 30, 2020 to be between $28.1 million and $30.8 million. Management believes that continued revenue growth and disciplined cost management initiatives will allow the Company to grow positive cash flows from operations in fiscal 2020.

Full second quarter results will be published on August 10, 2020, followed by a conference call the next morning, details for which can be found at the end of this release.

The preliminary estimated financial results and other data for the quarter ended June 30, 2020 set forth above are subject to the completion of the Company's financial closing procedures. These preliminary estimated financial results have been prepared by and are the responsibility of the Company's management. The Company's independent registered public accounting firm reviewed the preliminary results but did not audit or express an opinion on them. The Company currently expects that its final results of operations and other data will be consistent with the estimates set forth above, but such estimates are preliminary and the Company's actual results of operations and other data could differ materially from these estimates due to the completion of its financial closing procedures, final adjustments and other developments that may arise between now and the time such consolidated financial statements for the period ended June 30, 2020 are issued.

Second Quarter 2020 Results Conference Call

Zenabis will release the results for its second quarter on August 10, 2020. A conference call to discuss the results for its second quarter will be scheduled for August 11, 2020, pre-market. The conference call will be hosted that day at 9:00 a.m. Eastern Time by Kevin Coft, interim Chief Executive Officer, and Eric Rasmussen, Chief Financial Officer, followed by a question and answer period.


DATE: August 11, 2020

TIME: 9:00 a.m. Eastern Time

Dial in # to be posted at Zenabis Global Inc. website later this week.


About Zenabis Global Inc.

Zenabis is a significant Canadian licensed cultivator of medical and recreational cannabis, and a propagator and cultivator of floral and vegetable products. Zenabis employs staff coast-to-coast, across facilities in Atholville, New Brunswick; Aldergrove, Pitt Meadows and Langley, British Columbia; and Stellarton, Nova Scotia. Zenabis currently has 111,200 kg of licensed cannabis cultivation space across four licensed facilities. Zenabis has 3.5 million square feet of total facility space dedicated to a mix of cannabis production and cultivation and its propagation and floral business.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's future business plans and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include statements relating to Zenabis financial results for the quarter ended June 30, 2020. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are urged to consider these factors carefully in evaluating the forward-looking statements contained in this news release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. These forward-looking statements are made as of the date hereof and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

SOURCE Zenabis Global Inc.

For further information: Media Relations, Email: [e-mail], Phone: [phone]; Investor Relations, E-mail: [e-mail], Phone: [phone]

Related Links
www.zenabis.com

[Danstrader]

We should hopefully get some anticipation rise for the financials next month.

[Stonerville]

Zenabis surge to 20 cents coming this week.

[Stonerville]

Get in now. Zenabis 50 cents!

[Stonerville]

Zenabis top 3 producer globally.

[Stonerville]

Q2 numbers are going to be great.

[Stonerville]

Zenabis can have rally, just like Hertz, $0.56 on May 26 then jumped to $5.53 on June 8; all while in bankruptcy.

[Stonerville]

Zenabis can have rally, just like Hertz, $0.56 on May 26 then jumped to $5.53 on June 8; all while in bankruptcy.
Hindsight is 20/20 and stranger things have happened.

[Stonerville]

Your $2.20 Zenabis target right on the mark.

[Stonerville]

I agree Zenabis looking better and better.

[Stonerville]

https://pbs.twimg.com/media/Dwm1pzUVYAA3JRg?format=jpg&name=medium

https://twitter.com/iannuzzimarco/status/1083596921300611072/photo/1

[imhereforthehaul]

So that brings them down to 1/2 billion shares. They have to do better then that to clean up their mess.

It would be great if they up that amount and practice their accounting and labeling. And ever do a lot more news of whats going on. The only news we get in the US is how they F'ed up.

They can do it, just need a better effort

[Stonerville]

Zenabis Global to repurchase up to $6M of its shares over the next 6 months.

[Stonerville]

Zenabis Summary
Third largest Canadian cannabis LP by production footprint and design capacity (4m sq ft, 500,000kgs). Fully funded to a capacity of 150,000kgs with 10 provincial supply agreements.

Deeply undervalued relative to peers and under-the-radar; covered by just one street analyst.

Zenabis has the requisite horticulture expertise for quality and cost/gram leadership; its Chief Growing Officer, Leo Benne, ran North America's largest greenhouse propagation business for nearly 30 years.

Talented, well-aligned management with uncompromising ethics, estimated intrinsic value of ~$2.00/share.

[Stonerville]

Zenabis Global (“Zenabis” or the “Company”) (TSX: ZENA), is rumored to announce that the board of directors of the Company has approved a plan under which the Company may repurchase up to $6 million of its shares over the next 6 months (the “Share Buyback Program”). The board will review the share repurchase program periodically and, if needed, adjust its size and terms. Under the Share Buyback Program, repurchases may be made from time to time on the open market at the prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The repurchase plan will be funded from the Company’s cash balance. The rumored Share Buyback Program is one of the corporate initiatives to be taken this year to enhance shareholder value.

[Stonerville]

Zenabis Global (“Zenabis” or the “Company”) (TSX: ZENA), is rumored to announce that the board of directors of the Company has approved a plan under which the Company may repurchase up to $7.5 million of its shares over the next 6 months (the “Share Buyback Program”). The board will review the share repurchase program periodically and, if needed, adjust its size and terms. Under the Share Buyback Program, repurchases may be made from time to time on the open market at the prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The repurchase plan will be funded from the Company’s cash balance. The rumored Share Buyback Program is one of the corporate initiatives to be taken this year to enhance shareholder value.

[Coho20]

https://www.bnnbloomberg.ca/cannabis-canada-pot-sales-jump-in-march-thanks-to-covid-19-concerns-statscan-says-1.1440176

[Danstrader]

Anybody try to find any research to the other brands coming soon by Zenabis : Dope tribe, High genics, and Pet options?

[Ringohalfcan]

Revenues for the next few quarters should be amazing!

[Danstrader]

Looks like another good partnership for the long run. I’ll buy some choklat

[greenwillow]

Looks like Zenabis has partnered w/ Chokolat, to distribute THC chocolate and the infused sugar.

Namaste Tech cut ties w/ chokolat earlier this week to distribute, but they're still 49% owners of Chokolat.

Should he a win / win /win for all parties involved.

According to Brad, ceo of Chokolat, they have many large purchase orders waiting to be fulfilled.

Will be interesting to see if Chokolat can repay Namaste Techs approximately $400k w/ 12% interest note due before Dec 31, 2020? If not, the note will convert into chokolat shares, and Namaste Tech will gain majority control of Chokolat.

GLTA
GW

[Coho20]

Ouch a bit of a black eye there they better get the next quarter right or there will be some splaining to do Lucy.

[c01lovi1]

https://thedeepdive.ca/zenabis-amends-q1-financials-loss-increases-to-7-7-million-from-1-5-million/

[Coho20]

https://nicinvestors.com/2020/06/10/you-stand-at-the-forefront-of-the-single-biggest-market-to-emerge-in-decades/

[Coho20]

That would be amazing if we got to dollar land that quick but I will be happy if they get to .25 $ this year and then into a dollar or so by the end of 2021. Thinking hard about picking up another 50k shares this week but may just wait to see which way it goes first. This company will be successful I think. Good luck to you all.

[Ringohalfcan]

This stock is ready for a big run. All their grow operations will be us to full capacity this year and they have multiple revenue streams making money with more in the pipeline.

This should be trading in the $2.20 to $5.95 range by the end of the year based on revenue growth.

[Coho20]

Made some cash today nice to see this company turn the corner nothing but blue sky's from here.

[Coho20]

Agree this company just keeps looking better and better I don't think debt is going to be a problem with the amount of sales they have already committed to. Just amazing hard to find investment money these days and the market scares me to death right now but if I free up some cash will need to buy some more. Take care.

[Ringohalfcan]

This company is so under-valued. Their future production and sales are going to dominate the market.

[Danstrader]

https://www.zenabis.com/zenabis-announces-term-sheet-for-the-supply-of-medical-cannabis-to-the-german-market-and-receipt-of-a-license-amendment-for-zenabis-stellarton/

[lagunatix]

Holding up today .

Quite before the storm one would hope

[lagunatix]

Jumped quick
Hope this is just the start.
What's HODL

[Danstrader]

Me personally HODL

[Danstrader]

The eu gmp status hasn’t even hit platform news on td ameritrade yet

[lagunatix]

Where do we go from here . Wanna get more but the ask is not moving

[lagunatix]

Wow awesome
Grabbed some 2 days ago
This is looking like it just started wait till the other ihubbers find us

[imhereforthehaul]

wwweeeeeeeeee, here we go. been in this for a year, about time they got their shit together. Let's go for a ride while it last

[Danstrader]

We GOT EU GMP approved

[Coho20]

That would be amazing. I think its possible to hit $0.50 if the 2nd quarter is anything like the first quarter was and I think there is a real good chance of that especially with the EU and Israel shipments that went out in the first quarter I guess time will tell but this quarter was a real break out event for Z for sure. Take care and hold long.

[Danstrader]

Yes, about time! I hope your right 2.00 would be great!

[imhereforthehaul]

About time, $2, here we go

[Coho20]

Fantastic day and just the beginning for this company IMO. Congratulations to all longs.

[Coho20]

Great things happening here one more quarter like the last one and Z will never look back...fantastic for longs payday coming before the end of the year IMO.

[Coho20]

https://kushmybud.com/zenabis-q1-2020-reports-19-9-million-revenue-and-5-2-million-operating-income/

[Danstrader]

Fins don’t look too shabby, what a day. Finally getting some market positivity looking forward to this investment in years to come and I’m glad more people are showing up. Been a frustrating year but holding strong through the slaughter. Would like to see this thing in dollar land.