48North Cannabis Corp. V.NRTH

RE:RE:Globe Article - Three cannabis CEOs - including 48North's

[greenalyst]

On the upside, all of the major players in outdoor struggled in season 1. This implies that newbie LPs trying their hand in 2020 will be a year behind on this type of 'learning'.

Of the 3 in the article only NRTH still has no official position on the nature and quality of their product. Until we have that we are still in the dark. If quality is good and confirmed then the short and long term outlook are still potentially great. If there is a change in story in harvest (ie. not 12k kgs but significantly less once they have identified the quality or for any other reason) then I don't think we can count on big improvements in season 2. Each passing day without this info raises suspicion that there is a problem.

Allison still needs to acknowledge, even in her own mind but externally would be great too, that they did a piss poor job of being transparent; no drying license or loss of harvest issue was revealed until it was over and certainly after they knew. May just have been bad judgment but all the goddam videos, pictures and interviews told a different story than reality (the 'look at all our ladies' Instagram post comes to mind but it was the FTMIG video one month ago that was a major 'tickety boo' reassurance from her after the unsettling jvm departure and the gone to seed rumours). I get that they don't have a ticker telling us every detail of the day to day but this was a major issue as many of us as shareholders have agreed. At a time when the sector was retreating and retreating many of us hung in as longs with the false impression from her that the harvest was going to be a resounding success. Turns out for NRTH there was a real issue over and above the sector dynamics and if we knew there was a concern earlier we would
have had the option to cut our losses earlier. 

Justhefaxmam wrote:
All top colas prioritized and taken off the field. Need the test results. Product SHOULD be fantastic.