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. > jopatclo we need you.

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Comment by Rusty2018on May 08, 2021 8:38am

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Post# 33159325

RE:RE:RE:RE:jopatclo we need you.

Just rough "back of the envelope" math.
Once the next FINS come out everyone will have a better idea of where NRTH is financially.
I looked at current Mcap of 40.5M and applied a couple of assumptions.
IF they do not need to sell - in other words capable of generating free cash flow by reducing the expenditures and increasing revenue they will be negotiating from a position of strength.
At an MCap of 75M the SP would be approx 33 cents
MCap of 100M the SP woudl be approx 45 cents
Add a premium and we should land somewhere in the 50 cent range
Just my thoghts

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