48North Cannabis (TSXV:NRTH) is a vertically integrated cann 48North Cannabis (TSXV:NRTH) is a vertically integrated cannabis company with two indoor cultivation facilities in Ontario. These two facilities together will provide 5,000 kg of organic dried flower annually. The company has secured distribution agreements with the Ontario Cannabis Store and the Societe quebecoise du cannabis.
48North is seeking to develop its own proprietary health and wellness products with an engaging and trusted brand. The company created Latitude, a publication focused on empowering women to connect and engage with cannabis culture, and developed a cannabis Nanospray under the company’s Mother & Clone brand.
The company is also expanding into cannabis oils with premium pre-filled vape cartridges that will be available soon. With all of these products and two operational facilities, 48North already looks attractive, yet these are not the main reasons you should look into this company.
Recently, 48North has become the first publicly traded, licensed producer approved by Health Canada to open an outdoor cannabis farm in Brant County, Ontario. The “Good Farm” will provide an extra 40,000 kg of annual production.
The organic sun-grown cannabis at the Good Farm is expected to be cultivated at the lowest cost per gram in the county, maybe the world. At $0.25 a gram, the company can produce cannabis for almost four times cheaper than the next greenhouse producer and eight times that of indoor producers.