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. > Ok starting over

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Comment by ILIKETAon Nov 27, 2019 5:30pm

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RE:RE:RE:Ok starting over

Exactly how I feel (except I really believe the CEO and CFO should be punished for their choice to deceive or for being inept. It was one or the other.).

Auditor wrote: Hey !
I am disapointed with the timing and the way the results were presented.
I did not listen to the signs...Lalibert selling, Jeannette ''resigning'' ... Licence received late....poor wheather (late summer , early fall) ....

Regardless, results are still profitable, they won a lot of prizes so brand appears to be strong in major markets in Canada. The forecast for 2020 with 12000 kg should be around :
Sales $38 M
Profit of $20 M
Earnings per share 6 cents .
Share price should be around 90 cents as of today,
This is not factoring they could buy a piece of land near by ....Increase capacity to 60 000 kg.

At 34 cents it is a bargin....
So yep the CEO , CFO disapointed me but the potenital is there.
48 north is not doom like ACB....Let's stay positive.