48North Cannabis Corp

48North Cannabis Corp

48North Cannabis Corp. (TSXV: NRTH) (OTC: NCNNF) is a vertically-integrated cannabis company focused on the health and wellness market through cannabis cultivation and extraction, as well as the creation of innovative, authentic brands for next-generation cannabis products.
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Company Details
Sector
Healthcare
Industry
Drug Manufacturers - Specialty & Generic
Summary
Fiscal year-end
June
Auditor
MNP
Headquarters
Toronto, Ontario
Licensed Facilities
2
Financials (Pro Forma 6/30)
Cash on hand
C$9.8 million
Fixed investment
C$12.4 million
Shareholders’ equity
C$25.2 million
Revenues – last quarter
C$1.27 million
Adj. gross margin
68.0%
EPS
-C$0.013
Capital Structure
Capital structure
12/03/18
Last financing
13.3 million Units at C$0.75
Basic shares
119.1 million
Warrants
34.3 million
Options
15.4 million
Diluted shares
170.8 million

About 48North Cannabis Corp

48North is building a vertically-integrated cannabis company to be a global leader in formulation, production and distribution of next generation cannabis-infused products.

As a future-focused cannabis company, 48North is on track to deliver to the female health and wellness cannabis market through the development and manufacturing of products and brands.

We are partnering with leading consumer packaged goods companies in food, beverage, cosmetic and skincare to leverage our partners expertise and experience in creating compliant, consistent and distinctive CBD and THC products.

48North operates two indoor-licensed cannabis production sites in Ontario with over 86,000 square feet of production capacity. By way of its partnership with MariPharm B.V. 48North cultivates unique genetics at its wholly-owned subsidiaries, DelShen Therapeutics and Good & Green both Licensed Producers under the Cannabis Act. In addition, 48North has applied for a cultivation license for its 100-acre outdoor organic farm, which would provide 48North with a significant amount of low cost, organic, sun-grown cannabis and a significant first-mover advantage in the production of low-cost, next-generation, extract-based cannabis products. These three sites are expected to provide 45KG of cannabis production in 2019.

48North has a growing portfolio of brands that include 48North, Good & Green, Latitude, a women’s cannabis platform (explorelatitude.com), Mother & Clone, a rapid-acting sublingual cannabis nanospray (momandclone.com), and F8 (f8te.ca), a high-end cannabis accessory line.

48North – Cannabis Health and Wellness Brands

Good & Green is equally committed to socially responsibility and developing high-quality, consistent, and homogeneous organic cannabis and cannabis products. Good & Green combines their disciplined approach and strong passion for organic production, free from chemicals and pesticides, to reliably deliver premium cannabis products.

Latitude is an interactive, omni-channel platform that empowers women to connect, engage and share their personal stories with cannabis. Latitude exists as a book, website, a newsletter, and storytelling events.

As the only strain-specific, water-based sublingual cannabis spray on the market, Mother & Clone strain-specific sublingual products are uniquely PhD formulated for rapid absorption under the tongue. Effects are felt within minutes. Ingredients are pure and simple. No artificial flavors or sweeteners, just the naturally occurring terpenes in each strain (which happen to be delightful on the palate and calorie-free).

Features 48North Cannabis Corp

Highlights
  • Two licensed, state of the art indoor facilities for organic indoor cultivation
  • Disruptive 100-acre outdoor organic farm suited to grow outdoor cannabis
  • Canopy Growth is a strategic investor
  • Focused on next-generation products such as: vapes, topicals, edibles and beverages
Growth Strategy
  • Expected total 2019 production to be 45,000 kg of dried cannabis from two indoor Licensed Producers and its 100-acre outdoor farm
  • Near term focused on dried cannabis wholesale opportunities given attractive price points, looking ahead to selling cannabis in government and privately-owned retail outlets
Differentiators
  • Focused on innovative next- generation products for the women’s health and wellness market
  • One of few women-led Canadian LPs
  • First-mover advantage in outdoor cultivation
  • Exclusive partnership with MariPharm B.V., the first cannabis cultivation license in the Netherlands
  • Pioneers of producing low-cost, high-quality outdoor-grown organic cannabis
  • Pursuing licensing arrangements with leading U.S. cannabis brands, such as Mother and Clone

Financials 48North Cannabis Corp

  • 12/03/18 –  Size: $10.00 million – Security: 13.33 million units with warrants at C$1.15 – Price: C$0.75
  • 01/26/18 –  Size: $16.01 million – Security: 17.79 million shares – Price: C$0.90
  • 06/30/17 –  Size: $1.94 million – Security: 1.94 million shares – Price: C$1.00
  • 12/02/16 –  Size: C$10.25 million – Security: 18.6 million units with warrants at C$0.75 – Price: C$0.55
   

Team

Alison Gordon
CHIEF EXECUTIVE OFFICER
David Hackett
CHIEF FINANCIAL OFFICER
Kevin Helfand
CHIEF OPERATING OFFICER
Kirsten Gauthier
CHIEF MARKETING OFFICER
Jeannette VanderMare...
CO-CHIEF EXECUTIVE OFFICER AND DIRECTOR
Daniel Goldberg
SENIOR ADVISOR
Martin Cauchon
CHAIRMAN OF THE BOARD
James C. Gervais
Lieutenant General
William Assini
Senior Vice President and Partner
Anne Darche
Corporate director, Consumer experience and innova...
Alain Dubuc
Columnist at La Presse

Participation in events

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Symbol:
NRTH