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48North Cannabis Corp. V.NRTH


Primary Symbol: NCNNF

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

Post by Zingiberon Nov 19, 2019 2:38pm
71 Views
Post# 30370564

Its not about inventory its about revenue!

Its not about inventory its about revenue!Given the state of industry-wide inventory and the returns Canopy recently had to accept from retailers I believe it is more important to learn about revenue rather then inventory. So I don't believe it is of the upmost importance to know how much inventory 48North generated from the outdoor farm.
Yes, its nice to increase assets, and it temporarily improves the balance sheet, but the real question is how much of the inventory 48North and others will convert into revenue.
So I don't think the upcoming levels of inventory from the outdoor farm are of greater importance then eventual sales, which unfortunately we will not know until mid-calendar year 2020.
Its not about inventory its about revenue!
And revenue is about marketing and who will be best the best marketers.
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