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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

Comment by sim_1on Nov 27, 2019 3:06pm
67 Views
Post# 30399295

RE:I'm pretty sure this would turn this stock around

RE:I'm pretty sure this would turn this stock around

I don't. I would argue she's performed well at "her part" of the deal. I get that's she's accountable as a CEO, but she never was supposed to run the farm - in all fairness that was Jeanette's responsibility. 

Brand development, closing deals with the provinces, expanding to the US, that was her part. I'm sorry but I'd argue she's actually a good CEO based on the results in those areas. 

If the farm fails completely, NRTH will be left with Quill, Delshen and Sackville, deals with the provinces, with Avitas, H+F, Apotesomething, and money, which all are worth something.  I'd argue that in that industry growing weed is probably the easiest - and there is a ton of it available on the market. If it came to that NRTH would still be worth something, mostly because of her stewardship... sorry I can't see it all black still although I sold 150k shares and took a major loss. 

The lesson could be that they can't do it all themselves, and who knows where that leads.

 

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