48North Cannabis Corp. V.NRTH

Primary Symbol: NCNNF

Healthcare Drug Manufacturers - Specialty & Generic

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.

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48North Cannabis Corp. > target?

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Comment by flamingogoldon Jul 16, 2019 1:05pm

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Post# 29925660

RE:RE:target?

I doubt that Pierra Caland would agree with you. Stock market billionaires don't get to their level with small premiums. He sees something bigger. I say follow the money.

Could NRTH have handled things better? Yes. The last financing was a mess. Sour grapes for those who bought but such is the risk with pennies. But, I think there's a good chance they will recoup their investment and then some. The wait will just be a bit longer.

gullible1 wrote: Can I see a target of $6? No. I think this has become a case of HEADS I WIN, TAILS YOU LOSE.
Mr Market is now mocking us retail investors.
IF the crop is a success (and that's a big IF), then what will happen is some company like HEXO will move in and buy you out for a 30% or so premium. IF the crop is not a success, then chances are that the stock will tank very badly.
The "iconic" CEO was too busy celebrating her own birthday on social media and smelling her own farts to actually promote this penny stock properly and build up some serious price momentum.
This stock was $1.05 the week before they were approved for an outdoor license. Where are all the news stories and P.R. to keep the price strong? Where are all the updates about how well the planting is going? Only when they had finished planting did they inform us that the job was done. Meanwhile, the stock price cratered.
So, now you will NOT benefit much from the success of this penny stock. It will be bought out for a modest premium if successful. The buy-out price will still be LESS than some of the folks who paid $1.50 or so earlier in the year. Of course, if they fail with the outdoor crop for whatever reason, then 100% of the losses are yours.