OTCPK:NCNNF - Post by User
Comment by
Zingiberon Jul 27, 2019 3:10pm
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Post# 29967343
RE:Can You Imagine?
RE:Can You Imagine?Recall my post from July 17th.
48North will be in the best position to handle per gram pricing pressure with the lowest cost of goods, (~ $0.25/gram), in all of Canada and also with the largest quantity at this cost and 100% organic! And let's not forget the intermediate-term value of being one year ahead experience-wise in outdoor growing. What was it 10 different strains are being grown?
Trust management will be somewhat coy to ensure they do not provide too much of the valuable knowledge they are acquiring this year with the outdoor farm.
On the stock side, insiders are accumulating, volume is light, sellers are drying up and the shorters are still trying to spook the market by putting in last minute orders with small trades to show a negative for the day. Just before the close only 1,000 shares traded at $0.80 on Friday to ensure a -$0.01 loss for the day.
Given the overall malaise in the cannabis industry 48North is showing excellent relative strength by trading sideways while most everyone else has declined significantly.
The next few months will put 48North in the spotlight and reward shareholders.