ZBISF - Zenabis Stock Drops as Ex-CEO Dumps 37% Stake

Zenabis stock is down nearly 25% since it was revealed that Zenabis Global’s (TSX:ZENA) (OTCPK:ZBISF) former CEO and current Chief Facilities Officer, Kevin Coft, has sold 2.6 million shares right before a rights offering.

Coft sold 37% of his stake in Zenabis stock over a two day period between October 28 and 29, just one day before Zenabis Global began trading a controversial rights offering. Zenabis announced the offering on October 24, which will allow shareholders to receive one right per common share, in order to raise $20.8 million ...