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.

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48North Cannabis Corp. > Infighting

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Comment by flamingogoldon Mar 29, 2021 11:13am

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Post# 32898168

RE:RE:Infighting

We are in survival mode... again. The last 2 years were a dismal failure. The only bright spot is they have cash to go another season. I was ready to buy at 17¢ but now with this latest move I am lowering my bid and will slam the sell button at 20¢. It is only way to trim the losses on my core position. I refuse to average down any longer.

jopatclo wrote:

flamingogold wrote: Two execs leaving in what is a small management team. Anyone who has ever been on an executive team can read between the lines here... some head butting on the decision to cease outdoor growing.

First it was the unique CEO team of women, then it was the license to grow outdoor, now it's back to the basics again... branding.

So, they save 5 mil + the 5 mil they raised gives them 10 mil extra to start which is a good hunk of cash towards profitability. My concern is achieving profitability by cost cutting measures is a short term solution. They need to grow the top line.

The dream of outdoor is dead. At this point, let's patch the holes, get this ship out of dock to profitability and I am out of this one with tail between legs.

How much is the farm worth for sale ?? $ 5 million more and he has several greenhouse complexes available at very low cost for NRTH for the future ... and profitability ...