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48North Cannabis Corp. V.NRTH


Primary Symbol: NCNNF

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

Comment by 480Mayhamon Nov 19, 2019 3:36pm
59 Views
Post# 30370903

RE:RE:RE:RE:RE:Market cap of 62 millions

RE:RE:RE:RE:RE:Market cap of 62 millions
Hobbs999 wrote: And it seems the investement in the property is was already done by june:
INVESTING ACTIVITIES Acquisition of property, plant and equipment (4,269,140)
So the only thing I can see for the cash burn down is the 800K in acquisitions and about 2.5M for half a yeah of operating activities.

So we should be at abouth 45-48M, will see soon.


Hobbs, you seem well educated on 48 North. Why in your opinion are we in the red when the sector is mostly green today? There is usually a correlation in the sector but today zilch. The big boys had some hefty gains today but we did not follow. Also we have results coming in a week and you would think investors would be " loading up ". I'm guessing that management is holding off on news regarding the harvest to early next week [ Monday ]. I do not see how they can go into the earnings call without this answered. It is mostly all that is on the mind of investors these days and I'm sure they know this. Anyway, the bottom line is this red result when the whole sector is green is troubling. We still have 30 min. Maybe we'll flip green before EOD. GLTA Longs, Mayham
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