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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 23, 2019 11:12am
37 Views
Post# 29270341

RE:RE:RE:RE:RE:RE:Guy Laliberté

RE:RE:RE:RE:RE:RE:Guy LalibertéSotypical, actually, she did, effectively take "cash out of her pocket and bought 10 million shares." Not cash, exactly, but she "bought" those shares in exchange for her company "Good & Green" (i.e., 48North's recent acquisition, in case you don't follow them). It was a deal/exchange of value, where she obviously felt that 10 million shares of 48North were worth more than her share of Good & Green, and "purchased" the shares in exchange for Good & Green. So, not a cash transaction, but she effectively bought them all-the-same. With regards to options, they are incentives. I've worked for my employer since it was a private company with 45 employees. It's long-since become public, and has >1,500 employees. It wouldn't necessarily have happened the same was if they didnt incentivise key employees with options. Sure, it adds a bit of dilution over time, but is a net benefit to ALL investors so long as the share value goes up in-part because of the incentive that the options add (i.e., without options , it's "just another job").
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