48North Cannabis Corp. V.NRTH

Sold all at Loss

[greenalyst]

Prob not what I should have done. I have always expressed faith in the plan and the execution of this company, tried not to be a pumper, def not a shorter. The call today was VERY concerning because of a complete lack of clarity or transparency:

1. Drying capacity - the story is hokey. If they didnt have HC approval why did they plant over 200k plants? If they were anticipating HC approval how come now they are building a drying facility? Does that mean even with HC approval they couldnt have dried it? When did they know they couldn't dry it? How come they didnt come clean then? That is a big deal. One way or ther other it means they weren't prepared. Who was responsible for that?

2. MORE IMPORTANTLY - Quality of product. Clearly stated that they do not know THC and CBD content... so wait. They have 12,000kgs of dried product and they don't know that? When asked specifically about quality during the meagre questioning period the answer was "we fully expect to make our sales committments to provincial bodies". That is not an answer. Given point number 1 there is no way I think we can trust anything regarding this very important question.

I was a true believer until this morning. I hope they come through for the shares I have left and the rest of the small guy investors but my sentiment is a hard flip.