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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 UUWHO123on Nov 28, 2019 6:06am
97 Views
Post# 30401070

RE:About Alison Gordon and her lack of transparency

RE:About Alison Gordon and her lack of transparency
HappyFlowers25 wrote: On oct 24,2019, Alison Gordon was interviewed by Brandon Colwell. If you go at 14 min and 30 sec on the video up to 1 5 minutes, you will hear Alison saying ... https://m.youtube.com/watch?v=0SiEoVl_aXs ....for us the big catalyst and what people are waiting for... ...is to be able to announce the result of the harvest ..and we are very exited to announce what we got from the farm....that will be a big catalyst because of the size... On 24 Oct, the big catalyst was not the announcement of 1/4 of 40,000kg of cannabis.....then we can conclude 2 things either at that time, she did not know the final result of the harvest or she lied to Brandon Colwell. - On November 8, 2019 , Joseph Hall of The Star wrote an article on 48 Nrth...with Alison Gordon.. Its written,,, Gordon says the companys freshman outdoor season went very well, producing some 170,000 mature plants from the 250,000 seedlings planted on the farms 88-acre growing area. We had started later than we wanted to because of when we were licensed by Health Canada and the wet spring, she says. But we were really lucky with the weather I think, all of our plants (that did survive) were able to grow to maturity and had the time to flower and now were almost done harvesting, she said in an interview earlier this week. Again with 170,000 plants...it sure give thee impression of a HUGE harvest... not only 12,000kg.... On November 26, 2019 during their financial (phone conference), in no occasions, Alison and her CFO have explained what they have don with the remaining xx,000 kg of cannabis. Was it destroy or... Always...lack of transparency Finally, did you notice when Alison speaks at the quartety Financial conference Alison is Always eager to omplete her answers rapidly.in some occsions her CFO had to provide more infos. She does not seem to be at ease in this situation.


AS LATE AT NOV 8, ALLISON IS TALKING UP THE HUGE HARVEST, 170,000 PLANTS FLOWERED, ALMOST COMPLETED HARVESTING...EVERY INDICATION WAS A GO ON THE PADREDICITON OF 40K KG.  SHE HAD TO HAVE KNOWN AS CEO THAT WHAT SHE WAS SAYING WAS NOT GOING TO BE HAPPENING.   SAYING 170K PLANTS MATURE/FLOWERED & ALMOST DONE HARVESTING..  THAT IS DECEPTION, NO OTHER WAY TO READ IT.  SHE WAS HIDING THE INEVITABLE.....WHY?  

I THINK NRTH IS IN SERIOUS TROUBLE NOW... ALLISON CAN'T SIMPLY GO ON AS CEO, IT IS A SERIOUS MATTER NOT REVEALING MATERIAL NEWS, AND THE LOSS OF $120-150MLN IS MATERIAL, NO DRYING LICENSE FOR 2/3RDS OF THE PLANTS IS MATERIAL.. IT'S AS SIMPLE AS THAT.  BUT WITHOUT ALLISON CONTINUING THE WOMEN THEME, NRTH COULD SUFFER.  SHE DOES HAVE A FOLLOWING WITH YOUNG WOMEN AND THAT WAS NRTH'S UNIQUE NICHE..  BUT DO YOU, CAN YOU KEEP A DECEPTIVE CEO IN PLACE... THERE SHOULD BE AN INQUIRY IMO.
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