48North Cannabis Corp. V.NRTH

RE:RE:true farmer as CEO true culture success 2020

[flamingogold]

Your theory could have merit. I was also wondering how quick or slow the HC licensing might be progressing given that many govt departments have been shuttered. With offices re-opening there will obviously be a backlog so they may be holding planting off intentionally based on that.

The other issue could be migrant workers on farms and the covid outbreak that has been reported on some farms. But I do not know if 48 goes that route. Either way, I do not believe the slow pace of planting is solely due to the hot, dry weather.

Unlike last year's all-out Hollywood-esque plantout, this year's bleak progress appears very strategic with hopefully as good or better results on less coin.

Blizzy420 wrote:
With how limited the planting has been so far I am thinking that they are growing less weed to save on expenses.    Growing it doesnt mean they are selling it all so they may just grow 12,000kg again.   My reasoning for this is three fold.....

1.  They only have drying licensed for 12,000kg and HC licenses have not been quick to come.  
2.  Currently the field appears to be about 10%-20% planted at best.  
3.  Vennat's comments --
"We cultivated 12,000 kilos last year at 25 cents a gram, which is obviously disruptive,"
"We're quite bullish on the fact that we will do it again this year with even better quality and a lower cost per gram."
---- He does not mention growing MORE, he is just confident they will get the 12,000 again and it will be of better quality.  

Since they grew a tonne of terrible weed last year the approach might be to start slow and grow the field out as demand increases.