RE:RE:I see where Sebastian is going Nope, you're wrong queerlash.
48North shut down the outdoor field (not facility) because of 'excess market supply'.
48North had to resort to buying product from other growers to make their cosmetics - and the cosmetcis sector is completely over satuated - you can buy cbd cream at any local store - and tehre is no profit margin on a $5 jar of hand cream.
Plain and simple - market demand was not there or what they sold - and they were not, therefore a profitable enterprise.
The question is why tyeh phk would Hexo buy them then?
A little due dilgience - something SSL doesn't dpo - would have saved investors $50 million
It will now be sold for $5 million at best
quinlash - (9/10/2021 10:07:58 AM) RE:I see where Sebastian is going 48 Shut down their outdoor facility and was likely one of the root causes for the company coming so close to going under. Outdoor growing poses a lot of challenges from inconsistant light and mositure control to crop damage from bugs, storms etc. For high quality and consistant product the indoor model is proving to be better.