OTCPK:NCNNF - Post by User
Comment by
valentinemassonon Oct 23, 2019 2:15am
129 Views
Post# 30257568
RE:RE:RE:Anyoneelse smelling a buyout offer from ACB? Why else would
RE:RE:RE:Anyoneelse smelling a buyout offer from ACB? Why else would Joham13 wrote: 48 North is growing cannabis for under 25 cents per gram. No way in hell anyone would shutter this money maker! That's why it must appear attractive to the big boys at over 1.63/gram to produce IMO!
Good point, but what about overcapacity? Acb, Canopy, and others dumping product they can't sell. Remember the dude who invented a carburetor that would get 100 mpg in the 1970s? Believe in the model here, but a buyout is extremely unlikely given current market conditions. The tone of the post was to not imply a shuttering of the doors, rather an enlightenment. The only way a buyout would happen here would certainly not occur to bolster a diffetent LPs productivity. It would be, as US Steel did to Stelco. Shut the competition down regardless of cost per gram. Which by the way is a threat to existing lps.