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.

OTCPK:NCNNF - Post by User

48North Cannabis Corp. > Market cap of 62 millions

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Comment by ILIKETAon Nov 19, 2019 2:39pm

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Post# 30370575

RE:RE:RE:Market cap of 62 millions

I sure hope you’re right, but I seriously doubt it.
Did you see how much this group pays itself?
[url=Combined CEO CFO COO total compensation of $5,991,288]https://twitter.com/BettingBruiser/status/1196562669647663104/photo/1[/url]

Hobbs999 wrote: But these acquisitions total 800 thousands in cash if you read the press release, the rest is in stocks. And building out the farm is more of an investment. So its not like it's thrown out the window and I don't see what would cost millions in investements from what I've seen. I am pretty sure they have at least 40M remaining.

ILIKETA wrote:
Hobbs999 wrote: And around 50M in cash? The market is not pricing the havest + every other assets very high :S

My guess is that they spent a lot of the 50M in cash.
This was at the end of June remember.
They bought two companies, had expenses for the Good Farm and had expenses for building out the Good House for handling the drying of the harvest and all of the extraction.
These things will not be cheap.

I hope they have money left, but we don't know because they don't give updates like the other outdoor grow ops do.
I'm praying they still have 10M left so they don't have to raise again.