ILIKETA wrote: - Canopy owns a percentage of 48North shares
- Canopy bought 48North dried cannabis
- Alan Gertner now on 48North BODs
- 48North has $90M in assets including lots of cash
- 48North has a ~$60M Market Cap
- Insiders increasing percentage of ownership
- Share price driven down 80% off its highs
- Upcoming AGM (12/19/19)
**********************************************************************************************************
- Alan Gertner has been appointed to the Company's Board of Directors.
o Before joining Canopy, Alan founded Hiku ("
Tokyo Smoke") a cannabis brand and retailer that
was acquired by Canopy for $600 million .
https://finance.yahoo.com/news/48north-announces-appointment-industry-veteran-120000301.html?.tsrc=rss **********************************************************************************************************
- Dec 03, 2018 - 48North Cannabis Corp. ("
48North") (TSXV:
NRTH) announced today that it has entered into two agreements with Canopy Growth Corporation
o 48North will supply Canopy Growth with dried cannabis
o
Canopy will invest $3 million into 48North and receive 4,000,000 Common Units
o The Supply Agreement further states that Canopy Growth will work with 48North on a non-binding but best-effort basis to establish a national retail presence for its products in
Tokyo Smoke and Tweed stores.
https://www.newswire.ca/news-releases/48north-announces-equity-investment-supply-deal-and-strategic-partnership-with-canopy-growth-701772222.html **********************************************************************************************************
| | | | Current Market Cap |
| Weighted average number of common shares outstanding (Diluted) | 173,221,000 | $ 0.35 | $ 60,627,350.00 |
| Total assets | $ 99,237,470.00 | (includes Cash and cash equivalents $40,392,298, Biological assets $10,697,201, Inventory $6,726,177, Property, plant and equipment, net $23,008,840, etc) |
| Total liabilities | $ 8,332,257.00 | |
| Total shareholders’ equity | $ 90,905,213.00 | |
**********************************************************************************************************
Caland, Pierre - 3 - 10% Security Holder of Issuer – Balance =
15,086,145 shares
A lot of voting power for this insider. What would he stand to make with a buyout?
**********************************************************************************************************
Anyway... Just putting it out there as a possibility.