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.

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Post by ezemoneyon Mar 01, 2021 5:25pm

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Post# 32691026

Financials Out:Considerable Financial Deterioration

Huge Cash Burn of $28mm with $4mm left.
Gross Loss up 50% 3 months
6 months $7mm profit to now $11mm loss (ouch)
NAV: Dropped from .35c/sh to .25c/sh

Rating: Avoid, overpriced stock, no turn around yet

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