48North Cannabis Corp. V.NRTH

RE:RE:6. Back to EBITDA+ with a much stronger brand & offerings

[flamingogold]

"the outdoor farm was a blood sucker"

I happen to agree with you. In a similar situation I bought into BBD (cringe, I know) in 2015 on a comeback story based on their best-in-class CSeries jet program. Unfortuately, it was a "blood sucker" and drained them of all their cash, forcing them to sell off all their assets leaving them with just private/business jets and a stock that went from $5.50 in 2018 to a low of 26¢. However, having closed the last blood sucking division in January of this year, the stock has since slowly recovered to mid 90¢ and climbing.

While the fascination of cheap outdoor cannabis was the reason why likely everyone invested here, the hard facts now show it was a costly endeavour. The sector is drowning in cheap weed. No reason to add to it, instead save the bucks and just buy on the open market. At the end of the day, it's about profit and survival of the fittest.

Oceanis wrote:

6. Back to EBITDA+ with a much stronger brand & offerings

(a snippet of Reddit 1 year ago)they will be Ebitda positive again this year for 1. This could be the start of a great turn around the outdoor farm was obviously a blood sucker.

Posted by

US Market

1 year ago

 

 

48North Cannabis Corp. Announces Third Consecutive EBITDA-positive Quarterly Results, Receives License from Health Canada to Operate One of the World's Largest Cannabis Farms