RE:RE:RE:RE:RE:Move up to $1.20Dude I assume you are asking honestly. Here is a story. I love telling it.
Essentially EVERYTHING is available on the grey/black market. Many of the dispensaries are still not legal nor are selling HC licensed product. If you ARE using a Health Canada license to produce and distribute legal cannabis obviously it has to follow the legal channels. Legalization should slowly fade out the illegal markets. Might take time but for example at this point I don’t see anyone buying bootleg liquor. Also, a whole new wave of consumers are trying cannabis/joining the market because they are more comfortable with legally approved and HC licensed product.
NRTH is modeling off the US (particularly California I think) markets where the demand for high quality extraction products is growing tremendously. They have exclusive rights in Canada to avitas and mother and clone which are already producing very popular such products internationally. They are generating what appears to be a minimum of 40,000 kgs of sun grown organic cannabis this summer. The majority of this will be processed into extraction products (at their dedicated processing facility 10 minutes away from the farm). Their cost is low (outdoor grow) and their product is premium (organic extracts) so margins and profitability will be the best in the sector. On that note they have consistently demonstrated fiscal responsibility.
They have to wait for it to be legal. But when you look at their planning and execution, essentially very soon after it will be legal to have extract products on the shelf, they are perfectly timed and ready to go.
The NRTH story post merger with good and green and the plan for outdoor grow is the most concise and straightforward story in the industry. PURE in every respect.
GO NRTH!
sotypical wrote: Oils must be legal as people have been using this product for a long time ????
greenalyst wrote: The rest is for extraction products post that legalization in October. It is for retail, just not legal yet (although fed govt has set legalization date etc). The 5000 are dry flower sales under currently legalized recreational laws.
sotypical wrote: iam not understanding why they only commit 5000K out of 40000K for reatil sales
what was the plan for the rest of it what did I miss here?
Thanks