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. > Overnight offering

<< Previous

Bullboard Posts

Next >>

Comment by flamingogoldon Mar 11, 2021 10:37pm

101 Views

Post# 32782778

RE:Overnight offering

I would like to be wrong but the offer price will push us down to at or below. Every offering I've seen in other stocks has done this. It will bounce back but it will take time to be absorbed. I get it, they need the cash, but why not do it last month when the price was mid 30¢.

Ric001 wrote: This is not a dilution not bad .
Overnight Deal

An offering of previously issued stock that is not usually traded. For example, a publicly-traded company may make an overnight deal to sell some of its stock that it previously issued but still owns (because many publicly-traded companies own a portion of their own stock). Overnight deals are often less expensive than new issuesbecause there are no underwriting costs. There is also less downward pressure on the share price because the number of shares outstanding does not increase.