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xr_biotech_consult

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xr_biotech_consult

Re: None

Thursday, 11/14/2019 3:16:46 PM

Thursday, November 14, 2019 3:16:46 PM

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Zenabis Global Announces Third Quarter 2019 Financial Results
https://ih.advfn.com/stock-market/TSX/ZENA/stock-news/81144703/zenabis-global-announces-third-quarter-2019-financ

Financing
Raised $30 million in non-dilutive financing via a pre-paid supply agreement with High Park Holdings Ltd.("High Park"), a wholly-owned subsidiary of Tilray, Inc.;
Raised $10 million in non-dilutive financing via a pre-paid supply agreement with Starseed Medicinal Inc.("Starseed");
Raised $25 million in new senior secured debt financing; and
Announced a rights offering to holders of its common shares that is intended to raise up to $20.8 million, with insiders of Zenabis committing to acquire ~30% of the common shares available under the rights offering for a total of $6.2 million in proceeds.


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