48North Cannabis Corp. V.NRTH

RE:RE:On OCT 1st, 48Nor should be able to provide better financial

[ipanema]

Regarding revenues since June 30 if management so chose to provide such information on gross revenues, EBITDA etc for the quarter to September 30 that would be called "Guidance". ACB did this recently and got into trouble as they mssed their own guidance. TRUL are one of the view in the sector who give guidnace regularly. NRTH have to date never provided guidancece numbers.

The infromation in the MD&A is frequently sourced from various departments and includes alot of additional financial information to add color to the Fin Stats. See link for further details.

https://www.cpacanada.ca/en/business-and-accounting-resources/financial-and-non-financial-reporting/mdanda-and-other-financial-reporting/publications/guidance-for-mda-preparation-and-disclosure

Regarding subsequent events any event which is not by nature a routine monthly transaction and which may materially effect an informed readers undertanding of the published financial statements should be included in the subsequent events section of the notes to the accounts. This would typically include the purchase or sale of a material asset, a large bad debt, a law suit. the issuance of equity etc. See link below for more detail

https://www.accountingtools.com/articles/subsequent-events-definition-and-usage.html