Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

48North Cannabis Corp. NCNNF



GREY:NCNNF - Post by User

Comment by ipanemaon Nov 15, 2019 11:24am
93 Views
Post# 30356669

RE:RE:RE:Which LP’s have their license for edibles?

RE:RE:RE:Which LP’s have their license for edibles?I agree that many of the LPs will just disappear. The keys to surviving will be production costs, cash and the ablity to sell. NRTH have the cash,for a year or so with poor sales, and we all expect the cost to be, lets say, very low. however as we move down the maturing road we should all be razor focused on sales. Can our team move the products in a timely manner. What we don't want is to be left with large quantities of 2019 produce on the shelves this time in a year.

I suspect the fall in SP is in part employees and their associates selling ahead of the news that we didn't get to 40,000kgs of dry cannabis from the harvest. I note that in the recent investor presentation the wording on page 7 was changed from past announcements to "40,000 kgs of Cannabis biomass" whatever that means. If they produce 20,000 kgs or equivalents from the farm that still, if we can sell it, gets us up to $80m revenues with Good House product. not too shabby!! So I'm not that concerned about not achieving the 40,000kgs. But we have to sell whatever we end up with...The future will proove our management team and I remain confident they're up to the challenge. GLTA
<< Previous
Bullboard Posts
Next >>