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48North Cannabis Corp. V.NRTH


Primary Symbol: NCNNF

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

Comment by xelanitramon Jan 04, 2019 1:46pm
48 Views
Post# 29187360

RE:RE:RE:RE:RE:RE:Annual General Meeting

RE:RE:RE:RE:RE:RE:Annual General MeetingI need to add 250 shares now, to keep up. Ha! Well, I do hope that an analyst initiates coverage because I have an expectation that the target price will be multiples and the stock price may correct towards it. Recall, on the earnings call, an analyst from PI financial suggested that they could have a $500MM market cap. He put it in comparison to the market cap of a peer at the time. Since he used the day-of market cap of the peer, I interpret it as meaning a $500MM day-of potential market cap of 48North. His values seemed to be referring to fully-diluted market caps. So, fully-diluted, that would translate to $500MM/166M = $3.01/share. Of course, that was prior to Canopy equity investment, supply and product-placement deals with Canopy, so things have also improved since then. Further, analysts typically give a target price for 12 months out, which would put us post-legaluzation of edibles/creams, post-outdoor harvest and post-Good&Green facility in full production (i.e., all together, minimum 45,000kg in 2019). If I were an analyst, I'd be initiating coverage with a target of ~$5.00 at this point, and reviewing for increases when they secure the contract manufacturing deal (with, e.g., KDC? - sure, I'll start that rumor because it fits on multiple levels), sucessful outdoor harvest, any whatever else might come our way
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