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. > 48 North to HEXO Conversion as of today (.18 CDN)

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Comment by flamingogoldon May 27, 2021 10:27am

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Post# 33275146

RE:48 North to HEXO Conversion as of today (.18 CDN)

Good for HEXO owners, but NRTH is getting screwed on this deal. If we go back to the Feb sector wide cannabis rally, HEXO would be at $14. If we do share conversion for NRTH it would be .02336 x $14 = 32.7¢ which is whopping 28% below the 42¢ NRTH traded at. Then, we have Charles trying to tell shareholders we are getting a 20% premium. What a snake.

quinlash wrote: HEXO closed out today at $7.73 CDN if we multiple that by the conversion ratio of .02336 we have the value of 48 North shares at .18 CDN

As HEXO gains in value so does the value of the 48 North shares assuming that the deal is voted through by shareholders.

GLTA, DYODD and for God's sake ignore your bashers, they are just short-sellers trying to talk you into selling your shares cheap.

Q