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.

OTCPK:NCNNF - Post by User

48North Cannabis Corp. > Farm Sale

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Comment by alexinvestson May 06, 2021 11:10am

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Post# 33140586

RE:RE:RE:RE:Farm Sale

I agree with you Rusty2018.

There seem to be several signs that the company will be sold/acquired. An asset sale (i.e. the farm) is regularly a prerequisite to a transaction when the buyer wants to exclude a certain asset from the transaction. It is also the way to have better financial statements (EBITDA) and to get the best possible price for a transaction.

In addition, it is common for such a transaction to be preceded by a departure of senior executives from the company who would not be part of the buyer's takeover plan, in this case Sean Byrne and Kristen Gauthier.

I'm not saying it's a certainty that there will be a transaction, but let's say there are some warning signs.

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