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 30, 2021 5:59pm

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Post# 32910932

RE:RE:RE:100 acre farm is done?

Outdoor licensing was the ticket in 2018-19. Then it was harvest volume and loads of it for cheap. The latter exists now for the entire sector. So... the ticket for this year is achieving profitability. If they do that, it's a new game they are a survior. If not, then ya lights out.

gringodude wrote: I worked in andustry for decades that was very healthy
then every outfit went through a cycle of margins pressures aroyunf the same time

all did the same thing squeeed every efficiancy they could from everywhere
after that, the ones that were not viable any longer strted cosing down ops to try and survive

they all made the same statements and the new structure returning Co to profotability
and every one of them that didn't a have a true comptetive edge ran out of cash and the lights went out

48's was the appeal of outdoor, nataural cannabis
it's over, they are done when the $$ run out, 2 or 3 Q's tops

flamingogold wrote: 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