OTCPK:NCNNF - Post by User
Comment by
truthseeker1on Nov 17, 2019 11:44pm
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Post# 30362821
RE:RE:Simple Basic Economics
RE:RE:Simple Basic Economics5 million in debt and 54 million in cash LOL u wish if that was true we would be at $1.50++
clubhouse19 wrote: I agree about the supply and pricing
This IMO will give North a leg up on the competition since they forecast to produce at a cost of 25 cents per gram for the extractable product.
I think their keying in on a good mix of indoor and outdoor production may be key in productivity. Those outfits that depend solely or majorily in indoor production will be the ones that will hurt the most. Those that have raised moneys through debt will be worse off.
48North on last report had 54 million in cash and equiv with liabilities totalling about 5 million.
If you see 25 cents /gram for the good farm harvest..you can expect cost of good farm harvest at about 10 million.
I would think they have plenty of cash left taking all in consideration
Zingiber wrote: Supply exceeeds demand.
Prices and the occurrence of excess supply illustrate a strong correlation. When the price of a good is set too high, the quantity of the product demanded will be diminished while the quantity supplied will be enhanced, so there is more quantity supplied than quantity demanded. Sound familiar?
The occurrence of excess supply either leads to the lowering of the price or unsold supply. Lowering the price encourages consumers to purchase more and suppliers to produce less.
So there will be Canadian cannabis companies that will absolutely need to convert inventory at whatever price into cash to survive.
Me thinks the best marketing strategy given the marketplace economics is to be the first to unload product quickly at a low price to raise cash before someone else does so. And with a no return clause. Side benefit; consumers get to know your product!
Oregon may be the perfect model for 48North. This state's industry attained a 7-year supply of cannabis. So what happened there? Anyone know? Quill owners might?