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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.


OTCPK:NCNNF - Post by User

48North Cannabis Corp. > Its Not About Inventory
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Post by Zingiberon Oct 09, 2019 12:35pm
203 Views
Post# 30212480

Its Not About Inventory

Its Not About Inventory Folks sorry to repeat but its not about how much inventory one has its about revenue. There is way too much legal and illegal market flower. Illegals have lower prices and they also have the convenience.
Spoke to one person yesterday in Niagara who told me he orders illegal cannabis online from Vancouver at half the price of legal and gets his cannabis delivered to his mailbox. He mentioned there is illegal cannabis everywhere online. The Amazon model?
The industry is suffering from higher prices and a weak retail network. Nothing will change until hopefully the industry does well because of non-flower products that the illegal market cannot safely produce. And lets not forget the ability to grow your own. Maybe the ones marketing "grow your own" product will be the ones to profit.
Illegal cigarettes are everywhere and the government has not been able to stop it even though they are losing tax revenue.

Here is today's news from Bloomberg 

https://www.bnnbloomberg.ca/as-canadian-pot-gets-cheaper-black-market-still-offers-best-deals-1.1328908

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