NRTH - 48 NORTH gearing up for outdoor production
TSXV:NRTH NRTH - 48 North is a small cap Canadian Cannabis producer, ran by a highly effective management team, they are Co-CEO'd by two sharp business women, who are gearing their branding and company towards marketing to the female cannabis space, with brands like Mother & Clone, Latitude and Avitas. "48North is well capitalized to follow through on our business plan, which is focused on innovative cultivation and manufacturing, while building a portfolio of iconic, engaging, trusted, health and wellness cannabis brands."(from Investor Deck) this company has nearly $50,000,000 in cash with very little debt, Gross Margin from last financials were some of the highest in the industry. With receipt of their outdoor grow license pending Health Canada approval, they will be positioned to produce 45,000,000 grams of low cost organic Cannabis, other companies with comparable production have over $1 billion market caps. with 48 North's low cost outdoor grow and high gross margins, their 208,000,000 diluted share count could net a share price over $4 by end of the year getting them closer to their peer average based on revenues, with high profit margins this could be a unicorn in the profitable MJ companies list.
https://48nrth.com/en/investors/
https://48nrth.com/en/investors/
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