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 flamingogoldon Nov 28, 2019 11:35am

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Post# 30402153

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

Yes, I stand corrected by stating "zip". It was a metaphor in that we would go lower again if the 12,000 kgs is poor. I posted yesterday that while they underwhelmed in the harvest they have what many LP's don't and that is cash.

ILIKETA wrote: IMO, even if 12,000 kgs is total craap, this is not going to zip because they would still have $90M in assets.

I will ask again, can anyone show me a company that has a market cap that is equal to 66% of their total assets? Especially one that includes cash that would sustain them for at least 3 quarters with their current burn rate?

flamingogold wrote: The frustrations are high and disappointment even higher still, myself included. Unless the 12,000 kgs is total craap, I don't see this going to zip.

What we have is total capitulation, where even the longest of hard core shareholders are bailing and new money eventually comes into play. That will be the next wave. I have been through worse and come out positive.

whateveryousay wrote: I just sold my holdings and moved my money into ZENA hopefully they are honest it disgusts me that many of us lost half our share value or more on this fraudulent operation.Good luck to anyone who rides this out but I can not trust a management team that only discloses very important company information in a very bad quarterly report.Complete sht show