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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

Post by albertaoildudeon Apr 24, 2019 12:16pm
120 Views
Post# 29664432

.25 gram and lower production

.25 gram and lower production

VanderMarel also voiced confidence that her company’s yields will come in roughly at 25 cents per g, while information on Canada Compliance Inc.’s website notes “production costs for a very efficient, large-scale indoor operation range from $1/g to $3/g, whereas outdoor farming, in theory, could bring commercial production costs below 25 cents per g based on our modelling.”)

LeBlanc further cites recent figures from Statistics Canada that indicate about 80 percent of cannabis consumers are still buying from the black market despite legalization. “That means it’s either the cost, or consumers are rejecting the products that are already in the cannabis stores,” he says.

Overall, indoor growing isn’t going away any time soon—48North, for example, will keep its two licensed indoor facilities for premium dried products—but as consumers look to purchase more extraction products once edibles and other products become legal, hoped this fall, licensed producers hope to lead the way with large-scale farms.

“I often use the analogy that you don’t see us growing canola oil or corn for ethanol in indoor facilities. They are outdoor productions and that is where any extractive product is grown,” comments VanderMarel.

 

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