48North Cannabis Corp. V.NRTH

Primary Symbol: NCNNF

Healthcare Drug Manufacturers - Specialty & Generic

48North Cannabis Corp is a vertically integrated cannabis company. It is focused on the health and wellness market through cultivation and extraction, as well as the creation of authentic brands for consumer-friendly products. Its products are categorized into Bath, Intimacy, Flower, Pre-roll, topical, vapes, concentrates, and accessories. It has two geographical segments: Canada, which is the key revenue driver; and the United States.

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48North Cannabis Corp. > Anatomy of Capitulation

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Comment by flamingogoldon Apr 15, 2019 3:44pm

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Post# 29629539

RE:Anatomy of Capitulation

Judging by the volume today as I pointed out this morning it certainly seems we have shaken out most of the traders from March. However, without HC licensing the stock can still slowly bleed lower. As for re-entry or holding the key is to weigh the risk vs. reward as the license could drop anytime, but will it be "in-time"?

Zingiber wrote: Capitulation has a number of distinguishing psychological characteristics, such as investor disgust and exhaustion. Having been burned by the market for so long, investors capitulate by resolving never, ever, to trust the market again.
Apathy rules as it has on this board.
Capitulation is hard to pinpoint when investors become maximally dejected and apathetic. But my hunch is that we have had capitulation today.