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.

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48North Cannabis Corp. > Ok starting over

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Comment by ILIKETAon Nov 27, 2019 6:52pm

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Post# 30400069

RE:RE:RE:RE:RE:RE:RE:Ok starting over

Oilspecs wrote:

ILIKETA wrote:

Oilspecs wrote:

ILIKETA wrote: Exactly how I feel (except I really believe the CEO and CFO should be punished for their choice to deceive or for being inept. It was one or the other.).

Auditor wrote: Hey !
I am disapointed with the timing and the way the results were presented.
I did not listen to the signs...Lalibert selling, Jeannette ''resigning'' ... Licence received late....poor wheather (late summer , early fall) ....

Regardless, results are still profitable, they won a lot of prizes so brand appears to be strong in major markets in Canada. The forecast for 2020 with 12000 kg should be around :
Sales $38 M
Profit of $20 M
Earnings per share 6 cents .
Share price should be around 90 cents as of today,
This is not factoring they could buy a piece of land near by ....Increase capacity to 60 000 kg.

At 34 cents it is a bargin....
So yep the CEO , CFO disapointed me but the potenital is there.
48 north is not doom like ACB....Let's stay positive.

ILiketa, you remember before when I went to the outdoor to take a look? I saw that at least 60% of the field was dead or close to it.You called me a liar then, and idiot? No irrigation, and my guess cross pollination. Then your CEO resigned. Normally a very bad sign. You have no one to blame but yourself. Luckily for you they have 40 mill in the bank with no debt, plus the 12000kg they just yielded. Depending on their burn rate......I can not see you going any lower. The whole sector has been murdered, hopefully we pick up some bullish movement into Jan. GL man, every LP needs it.

Oh I remember. And you're still a liar and an idiot.

Sad human. You deserve to lose all your money. You will always be dumb. By the way, your company did not lie to you. You could have driven out there and looks at what you were investing in before you did. That would require having a brain......thus.....you.