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. > Owned Stock til yesterday

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Post by Blizzy420on May 26, 2020 4:18pm

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Post# 31074937

Owned Stock til yesterday

For context here, I got into it with Auditor a month or two ago about the future of NRTH and the possibilities.     I withdraw all of my arguments at this time.    The results were actually laughable and the idea that this company is going to turn it around became a lot less clear for me through those financials and the conference call today.

They f'd up the grow so bad last year and the stock is 100% dependent on them achieving fantastic results from the grow in 2020.    This is not impossible, but I think this is an improbable come back story.   If they can turn it around and get things right there will be some short term pain.

I no longer see that value here, dilution by the end of summer is a virtual lock and IF they can create a market for outdoor cannabis and sell ALL of their weed they have a chance.   However I see that as investing on hope and prayer and I am putting my money to work elsewhere.

I feel bad for anybody that bought into this one.   it should not be hard to grow weed in a field, but 48NRTH showed it's not that easy either.

GL to all the longs, I really do hope you got back to $1 one day.