48North Cannabis Corp. V.NRTH

I hate to say this...

[ModerateRep]

I have mulled it over all morning. I’m forced to liquidate the majority of my shares. It’s a shame to have to say it, I’ve been an avid supporter. With only a 12k kilo harvest that leaves virtually no product left for cannabis 2.0. They already had contracts to sell that. There simply isn’t enough biological assets that will offset the costs of manufacturing, marketing and processing. I believe they are scrambling and that is never a good thing in this industry. The excuse of not having drying licenses is not something they weren’t aware of. What kind of an excuse is that? I’ll tell you, a completely unexpected and unacceptable one. Number one you knew this all along, number 2 there could have been a lot of methods employed to processing. Their is plenty of equipment that could have been purchased to process the harvest at lightening speed. Especially for extraction. The fact that a shiny picture of rainbows was painted just makes it worse. It’s not the fact that their prediction was light by nearly 75%. It was knowingly concealing it. There simply isn’t a happy feeling anymore. I still think they can recover but I don’t see that happening anytime soon. I see this going down another 20-30% over the long winter maybe even more. GLTA