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ILIKETAon Dec 12, 2019 7:51am
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FINALLY!!!!!!!!! Results from the harvest
FINALLY!!!!!!!!! Results from the harvestAbout F-ing time.
https://48nrth.com/wp-content/uploads/2019/12/48North-COA.pdf
48North Announces Successful Third-Party Test Results from First Outdoor Harvest
TORONTO, ON Dec. 12, 2019 - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH) is pleased to announce that third-party laboratory testing has confirmed its first outdoor harvest yielded high-quality, high-THC and CBD cannabis.
Recently, the Company announced that it completed its first outdoor harvest at Good:Farm and hit its production cost targets, placing 48North among the lowest-cost producers of legal cannabis in Canada. This year’s harvest positions the Company to deliver on its supply agreements with provincial wholesalers in Alberta, Ontario and Quebec and extraction supply for humble + fume.
Today’s announcement of cannabinoid testing results reinforce 48North’s strong position heading into 2020. The analysis – which was completed by A&L Canada Laboratories Inc. – reported the following results:
• The THC content of the four cannabinoid rich strains that 48North successfully harvested at Good:Farm ranges from 11% to 19% with a weighted average of 14%. These strains (Nepal Lights, Mountain Kush, Lemon Haze, and Green Crush) are expected to be used to fulfill 48North’s dried flower commitments to provincial wholesalers.
• The THC content of the cannabinoid rich biomass produced at Good:Farm has more variation in the cannabis levels, and ranges from 2% to 15% with a weighted average of 12% (with 69% of the biomassshowing THC levels of 14%). This biomass will be used to supply humble+fume to develop the suite of next-generation products such as vapes and topicals.
48North has received notification that provincial wholesalers will be selling the Company’s nextgeneration cannabis products beginning in early 2020, including the Avitas vape, the Apothecanna topical line, and Mother + Clone sublingual products. Further, 48North believes its vape SKUs will represent approximately 10 per cent of overall vape market listings in Ontario, a market that is is projected to be as large as $600 million by 2021.
“We are very proud to confirm that we have successfully delivered high-quality cannabis at a low pergram cost in our first year of outdoor production. While disappointed, that we harvested less cannabis than projected in our first year at Good:Farm, today’s results are clear evidence of 48North’s industry leadership in the cultivation and production of outdoor-grown cannabis. We look forward to incorporating the lessons learnt this year at Good:Farm and applying them to ensure the 2020 harvest season is a success.” said Alison Gordon, CEO of 48North.