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 flamingogoldon Nov 19, 2019 2:43pm

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Post# 30370607

RE:RE:Market cap of 62 millions

In one of her recent online interviews (last month I believe), Alison was very upfront and proud about how the company has been able to preserve their cash situation. Based on this I would not expect a drop from 50 down to 10, no way.

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.