RE:48N gaining Matket Share"Who’s Gaining and Who’s Losing Market Share—The Top 5: In this quarterly’s featured graph, we show the top 5 companies that have gained and the top 5 companies that have lost share of the Canadian recreational cannabis market over the last four quarters (from Q2/20 to Q1/21). During this period, HEXO gained 311 basis points (bps) in market share, solidifying its position among the top Canadian LPs, whereas Aurora (ACB-T, SP, PT $13.00, here) lost 1,022 bps in market share. In addition to HEXO, other notable market share gainers include Village Farms (VFF-T, NT), Decibel Cannabis (DB-V, NR), Indiva (NDVA-V, NR), and 48North (NRTH-V, NR)"
I am buying this week. and here is why:
Buy low, Sell high - this is now at the low.
Cash in hand after the Raise.
Closing the Good:Farm - equals greater flexibility, less burn rate, and faster cash turn around.
Seems they are a little less top heavy (management) and this also helps with Cash flow.
Which should help get to profitability.
Potential to raise more capital - should they choose to sell the Farm.
Market Share Growth as pointed out in the article.
and as Elon Musk says, Great companies come from Great Products. and 48North provides a great product.
In.