48North Cannabis Corp. V.NRTH

RE:Did some google searches and stumbled across this company,

[Blizzy420]

I think that 48NRTH has not built enough of a positive name in the market.   I am very close to the grow and outside of Brantford there was not much fanfare for the opening of a new cannabis farm.   The fact that you found it through a Google search and I had to hunt down a local grower show that they need to get more of a presence in the market.

One of the first things I did hear about the company was that they screwed up by not having their drying facilities fully licensed so they were limited to harvesting 12,000kg.    From what I have heard from friends of friends is that the grow was likely to come in over the target of 40,000KG but there was still a lot of room to do better.

I think the share price has been beaten down by the poor yield of dry flower from this harvest (12,000KG) and the MJ market in general.   They have 40 million in the bank, have 12,000 KG of product to sell and will more than triple that output later this year.   Additionally they have the yield from Dellshen that will provide a diversified revenue source for higher end flower.   The final point I like is the vertical integration with retail., I see that as a huge win.    I own Delta 9 as well which has a vertical structure including retail and they are selling indoor cannabis for $5 a gram wholesale but at retail they are selling at an average of almost $12.50 a gram.  HUGE opportunity for diversified revenue sources, especially when we are looking at a major infux of product coming into the market at the end of 2020 and expectations that the price of wholesale flower will fall.

Right now I am looking for a set of earnings that shows massive growth from previous quarters.   I believe there will be sustained results for this earnings and the next while the 3rd set of earnings this year could come in lighter simply due to the amount of product sold in the previous quarters vs how much they have left to sell.   At that time there will likely be hype for the new crop that is growing; but could be a lag on the stock.

Good things ahead with this company, at least a year before we really see the potential of the stock.   They need to over achieve on a grow that has a lot of high quality THC.  I got 1/2 pound off each of my plants and I live in the same geographic area and I am by no means a grower of cannabis.   They should be able to get over 100,000lbs based on that logic, however if they get half of that we will be in good shape.