|Bid||0.1350 x N/A|
|Ask||0.1400 x N/A|
|Day's Range||0.1250 - 0.1400|
|52 Week Range||0.0500 - 0.2200|
|Beta (5Y Monthly)||0.58|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 17, 2021 - May 21, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Zenabis Global Inc. ("Zenabis") (TSX: ZENA) is pleased to announce that the leading independent proxy advisors, Institutional Shareholder Services ("ISS") and Glass, Lewis & Co. ("Glass Lewis"), have recommended that shareholders of Zenabis ("Shareholders") vote FOR a special resolution approving the Arrangement (the "Arrangement") between Zenabis and HEXO Corp. (TSX: HEXO) (NYSE: HEXO) ("HEXO"), and FOR the HEXO Debenture Conversion Resolution, in advance of the upcoming Special Meeting of Shareholders to be held on May 13, 2021.
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Zenabis Global Inc. (TSX: ZENA) ("Zenabis" or the "Company") is pleased to announce that the British Columbia Supreme Court (the "Court") has granted an interim order (the "Interim Order") in connection with the previously announced plan of arrangement with HEXO Corp. (TSX: HEXO; NYSE: HEXO) ("HEXO") under Division 5 of Part 9 of the Business Corporations Act (British Columbia), pursuant to which, among other things and subject to the satisfaction (or waiver) of all applicable conditions precedent, HEXO will acquire all of the issued and outstanding common shares of the Company in exchange for common shares of HEXO (the "Arrangement"). As previously announced, under the terms of the Arrangement Agreement (as defined below), shareholders of the Company (the "Company Shareholders") will receive 0.01772 of a HEXO common share in exchange for each Company common share. The Interim Order authorizes the calling and holding of a special meeting (the "Meeting") of the Company Shareholders, the granting of dissent rights to the Company Shareholders and other matters relating to the conduct of the Meeting. In addition to a final order of the Court concluding as to the fairness of the Arrangement (the "Final Order") at a hearing to be held following the Meeting in the event the Company Shareholders approve the Arrangement as described below, the granting of the Interim Order is a condition precedent to the completion of the Arrangement. In addition, the parties obtained approval under the Competition Act in respect of the Arrangement on April 1, 2021 in the form of an advance ruling certificate under the Competition Act.