OTCPK:NCNNF - Post by User
Comment by
predawnon Oct 16, 2018 2:01pm
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Post# 28811796
RE:Outdoor
RE:Outdoor do they have the cash to fence ,cultivate, buy seed ,pay water to grow etc for 800 acres that a huge understaking and will cost big $$$ ?????
Loudermilk wrote: So did some rough quick math and 48north stands to gain approximately $80mil in revenue from cultivating the entire 800 acres if sold as straight cannabis. If sold as an extracted product I would imagine that number would be higher but the numbers for that are highly speculative until the extraction market gets running. Extrapolating from Good & Greens numbers NRTH would yield 320000kgs of cannabis for 800 acres. I don't know what to make of the David's Tea connection but it wouldn't be outrageous for them to want to enter the CBD market as it seems their investors have a keen interest in them doing so. Share price action would suggest 48North is not one of their targeted suppliers, that said I don't think they'll have an issue finding buyers. Allison Gordon was on Midas Letter on Friday and basically echoed some of my thoughts on the outdoor market and extracted cannabis products. In short, there's not enough weed!