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.

OTCPK:NCNNF - Post by User

48North Cannabis Corp. > Been following this for awhile.

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Comment by greenalyston Nov 28, 2019 10:18am

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RE:RE:RE:RE:RE:Been following this for awhile.

It's not as simple as licensing. That's the story but now they are building a facility too. So what's the real truth? Shareholders should have been aware that there was yet another pending license, just as well all held our breath for the outdoor grow license. My read is they were not prepared with the proper permits or licensable facilities.

flamingogold wrote: club, I am not supporting how they withheld the info, but what if they actually received their HC license the day before reporting. Maybe they were waiting until the very last possible opportunity before having to report the material event.

Let's look at the reverse scenario. If they reported early that licensing was delayed, the stock would plummet, then later report they have licensing, could there have been a lawsuit perhaps on stock price manipulation?

Just trying to be objective here, maybe I'm wrong with my thinking.

clubhouse19 wrote: As per disclosure rules,

They cannot postpone or withold any information that is deemed a material event.

The non compliance with quality or the recent late disclosure of lack in drying facilities are material events.