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.

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48North Cannabis Corp. > I'm pretty sure this would turn this stock around

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Comment by ILIKETAon Nov 27, 2019 3:44pm

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Post# 30399471

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

I often agree with you flamingogold, but I sure don't in this regard.
So you believe that when something occurs that will cost the company millions of dollars and will hugely impact the market cap, management should not inform shareholders?
Incredible, but ok.

flamingogold wrote: She would have been roasted either way. No win on this. The best thing was done and that was to remove the person directly responsible for overseeing the farm and its licensing.

Everyone knows what iCloud is. Before that it was called MobileMe. When launched it was a disaster. Jobs held a meeting with senior management and asked for the person in charge to stand up and explain what MobileMe is suppose to do after which Jobs shouted "then why the f-k doesn't it do that"... .and fired him on the spot.

That's what a good CEO does.... lead.

ILIKETA wrote:

sim_1 wrote:
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.

All good. Totally agree.
But when it comes to choosing to inform investors about something that will cost the company millions of dollars and will hugely impact the market cap, she chose to keep it hidden.
Inexcusable.