Eight Capital Downgrades Zenabis Global (OTCMKTS:ZBISF) to Hold

Zenabis Global (OTCMKTS:ZBISF) was downgraded by equities research analysts at Eight Capital to a “hold” rating in a research note issued to investors on Friday, TipRanks reports. They currently have a $0.15 price target on the stock. Eight Capital’s price objective indicates a potential downside of 2.28% from the stock’s previous close.

Shares of Zenabis Global stock traded down $0.02 on Friday, hitting $0.15. 267,046 shares of the company were exchanged, compared to its average volume of 86,070. Zenabis Global has a 1-year low of $0.02 and a 1-year high of $3.04.

About Zenabis Global

Zenabis Global Inc engages in the cultivation and sale of medical and recreational cannabis in Canada and internationally. The company provides its products primarily under the Zenabis and Namaste brands. It owns 3.5 million square feet of available production space in British Columbia, New Brunswick, and Nova Scotia.

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