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. > 100 acre farm is done?

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Comment by flamingogoldon Mar 29, 2021 6:23pm

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Post# 32901435

RE:100 acre farm is done?

The founder is long gone so don't really care about that. The cannabis landscape continues to change which calls for another pivot. It now explains why we did not get details on the harvest other than commitments were met.

After two seasons, it looks like outdoor just doesn't cut the mustard. Why blow your brains and budget out just to repeat what is already known? In a market swimming in cheap outdoor weed, it makes more sense now to drop the expensive farm, build up the cash pile and use the excess weed that is currently available in the market for 2.0 products plus your own indoor grows. The net result could be the road to profitability, which is still on target. If they achieve this, we can still make a good rip higher.

gringodude wrote: the entire founding of the company was based on the outdoor grow
quality, affordable production
with that done, what is left of this Co? a brand? with almost zero value

pathway to profitability is good goal
but if it means shrinking to nothing
what is the point?

the Founder must be shaking her head in disgust