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. > What did you guys think of the open letter?

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Comment by flamingogoldon Mar 24, 2020 12:06pm

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Post# 30841955

RE:RE:RE:RE:What did you guys think of the open letter?

Don't discount the fact that the market is up large today.

Volatility continues to rule. When Congress finally passes the 2 trillion bailout either today or later this week, markets will jump even higher and NRTH may follow. However, most of it will selloff on Friday after the US releases jobless numbers which wlll be double digit and an historic rise. Panic will ensue once again.

Nothing a little company like this can really do at this time of record market volatility except for continued communication with investors to provide calm and balance.

ILIKETA wrote:
Most will think this is ridiculous, but I actually believe it was managements intention to have the market cap get decimated over the past number of months.

Why else would they create such uncertainty for such a long period of time?

I mean, if it wasn't intentional, then it was due to sheer stupidity.

One news release, containing only an update, without any fundamental change causes a 30% increase in the share price.

This clearly shows that that holding back information breeds uncertainty and will cause investors to sell, and being transparent will cause them to hold or buy.

Would I ever love to be in on the board meetings of this company.

flamingogold wrote: Let's hope he lives up to his words. What I especially liked about last year were the bi-weeky video updates. Then the wheels fell off and the company went silent.

ILIKETA wrote:

But I also know that as an organization, we have not always lived up to expectations in delivering that vision. We have not been focused thoroughly enough on the steps needed to cultivate our outdoor-grown cannabis and to bring our products to market. We need to do better, and as CEO, I can promise we will be a more operationally-focused company.

Again. Fantastic!!! That's what I, as an investor want to HEAR!!!!!!!!!