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. > Do we have the same problem ?

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Comment by greenalyston Jun 19, 2019 10:24am

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Post# 29839755

RE:RE:Do we have the same problem ?

I do tend to agree that ever since the Eight Capital deal was announced and executed the short concern arose and new downward pressure seemed to be ever present. NRTH got cash out of the deal but it may have messed with the SP which is suffering more now.

This company has NOT missed a mark to date and is getting little respect. They carry on and when they demonstrate their margins, increasing revenues and profitability the longs will be rewarded as investors and possibly other monster companies come running.

Charles1 wrote: Form, the fact that you are asking this adds to further discrediting you. Beyond the "moon" vision you shared- this is far from why NRTH is seing downward share price pressure. Consider a few things:

(1) Macro cannabis stock headwinds
(2) Summer liquidity
(3) Technical loss of the 0.86 support, 0.74 is next for near term support