48North Cannabis Corp. V.NRTH

RE:Fleur du jour in Stock on line at SQDC

[Blizzy420]

Thanks for breaking that down Auditor.   It is great to have a baseline to work from..... what I took from it is......

They need 8 mil per quarter to go profitable?    To get that they need to sell over 2300kg per quarter to reach positive EBITDA.   If they sell the full 12,000 kg in 2020 they would be positive but that is a big IF untl Ontario/Quebec open more stores.  

Looking forward to the next harvest and the inventory coming in they SHOULD have 40,000 kg.   If ON/QBC open up and NRTH gets into other provinces they could sell the bulk of that product.   if they did that with the same figures you provided there  annual sales would be about 140 mil.  Or 35 million per quarter.    That's not too shabby and could value this company north of 300 million which im sure we would all take..

The financing prediction of 7 months remaining makes a couple of assumptions.
1.   They are selling all the product at this low price
2.   They will not generate ANY revenue from the new weed grown in 2020.

The going concern is there IF they don't sell any of the product and the cash burn remains high.   I do believe that with that price point they will move the product, then it comes down to how the oil products move and how the creams sell.    Potential is still intact if not enticing.   However the next Q results will not be great it will be the ones after that that start to show the growth story here at NRTH