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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

Post by fairtrade48on Dec 04, 2019 11:47am
216 Views
Post# 30421185

Someone posted this on ceo.ca board

Someone posted this on ceo.ca board@Tweed I had a chance to get some answers from North and here are the highlights/lowlights however you want to look at it:  The total cost per gram of $0.25 was on the 12,000kg and would have been significantly lower if they harvest all of the cannabis.  North was on track to reach 40,000kg if they had the drying space.  The new drying facility will be able to dry at least 40,000kg.  Plus they will still have the hoop houses.  The structure is already built on the farm.  Most of the expense has been paid for already.  Phase 1 at the Good house is done, phase 2 is underway.  Jeanette left for "personal reasons".  The main issue North had was not having the licensed drying facilities.  No specific date for the Hoop House 3 license.  Said it was sometime in September or October that they received the license.  Will bring Quill to Canada eventually.  Talked about the other products that are going to be offered and how they represent 10% of the vape pen market in Canada with their current products.  They will start shipping to the provincial wholesalers in 2020.  Will make an announcement when they do.  Test results have come back positive so far for the farm product.  Not all testing is done yet.  They anticipate getting the license for Fume Labs soon and will make an announcement.  Nothing came off the farm since the conference call.  North used Hoop House 3 and the Good House for all drying.  Did not use DelShen because it is at full capacity already.  Would not go into if North reached out to other LPs but said that North did everything it could to dry as much as possible.  
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