48North Cannabis Corp. V.NRTH

RE:RE:RE:RE:RE:RE:48 North to HEXO Conversion as of today (.18 CDN)

[quinlash]

HEXO has no plans to grow in the US. They are sourcing hemp for the drinks they are selling down there and the new facility they bought in Colorado is to be used to support CPG partners they are working with.  Products to be produced will be made with US sourced hemp / cannabis

flamingogold wrote: Well he thought wrong... big time. That's not the mark of a good CEO. He stunk. My vote is a big NO for the merger.

I think you should forget these dreams of doing big business in the US. There is no reason why they can't grow their own weed down there once legalized and they have better weather for it too. Canadian weed companies entering and leading the way in the US market is a pipe dream to suck in shareholders. Once legal the US will squash the big boys up here.

quinlash wrote: Things change, sometimes for the better, sometimes not so good.  Maybe he though the company was going to turn the corner then realized that the best thing to do was to merge with HEXO.  

I would suggest getting to know HEXO better, their products, their expansion plans into the US and Europe then decide if you want to hold, average down, sell etc.  It may take some time for the US to legalize and for HEXO to start pulling in major sales figures etc however the 48 North product line will help make those numbers come in sooner than later and hense the stock demand higher prices than if the two continued on seperate paths.

Q

flamingogold wrote: I am well aware of the trend. I have owned this since 2018, my mistake for not selling during the 2019 craze. Just know what kind of snake you are letting into the barn. Who does a 21¢ raise in March and then accepts an offer to sell the company for 17¢ in May? Charles is a snake, I hope he gets kicked to the curb.

quinlash wrote: Starting in March of 2020 the entire stockmarket sold off due to C19, that's a fact, look at any stock around that timeperiod and they were all down.  Most trended down for weeks if not months. 

The cannabis sector was hit hard and most of the stocks have yet to recover.  With the low shareprices those Cannabis companies that were unable to raise operating funds to keep their doors open were put into a situation where they could no longer stay afloat long enough to turn profitable. 

48 North appears to have been doing well on the sales side but not well enough to continue operating.  HEXO's deal is based on previous trading price / market cap for the company.  Due to the low shareprice and marketcap HEXO was able to get the company on the cheap however this is better for 48 North investors vs. going backrupt and the shares going to zero.

If 48 North gets lucky they will get a better deal before the vote comes in however it now appears that shareholders no longer need to worry about 48 North not surviving as they will have their shares move over to HEXO which is showing no issues with raising capital and is expanding operations into the US, Europe as well as Poland.

Yes, things looked bad awhile ago but there's nothing we can do about that, we can look forward to a successful future (IMHO) with HEXO as that operation moves to the #2 spot in Canada.

Q

flamingogold wrote: Good for HEXO owners, but NRTH is getting screwed on this deal. If we go back to the Feb sector wide cannabis rally, HEXO would be at $14. If we do share conversion for NRTH it would be .02336 x $14 = 32.7¢ which is whopping 28% below the 42¢ NRTH traded at. Then, we have Charles trying to tell shareholders we are getting a 20% premium. What a snake.

quinlash wrote: HEXO closed out today at $7.73 CDN  if we multiple that by the conversion ratio of .02336 we have the value of 48 North shares at  .18 CDN

As HEXO gains in value so does the value of the 48 North shares assuming that the deal is voted through by shareholders.

GLTA, DYODD and for God's sake ignore your bashers, they are just short-sellers trying to talk you into selling your shares cheap.

Q