NRTH.V - 48North Cannabis Corp.

TSXV - TSXV Delayed Price. Currency in CAD
0.7800
-0.0600 (-7.14%)
At close: 3:59PM EDT
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Previous Close0.8400
Open0.8200
Bid0.7800 x 0
Ask0.8000 x 0
Day's Range0.7800 - 0.8300
52 Week Range0.4500 - 1.6900
Volume550,909
Avg. Volume626,273
Market Cap111.004M
Beta (3Y Monthly)0.19
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
All
News
Press Releases
  • 48North Enters U.S. Market with Acquisition of Quill, a Leading Multi-State Cannabis CPG Brand
    CNW Group

    48North Enters U.S. Market with Acquisition of Quill, a Leading Multi-State Cannabis CPG Brand

    TORONTO, Aug. 23, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News) is pleased to announce that it has entered into a definitive agreement dated August 22, 2019 ("Definitive Agreement") to acquire Rare Industries, Inc. ("Quill"), a U.S. multi-state Vape Technology brand ("Acquisition") with product distribution in Oregon and Washington and near-term expansion plans for California and Nevada. Quill is not itself engaged in the cultivation, distribution or possession of cannabis in the United States.

  • 48North Appoints Charles Vennat Chief Corporate Officer
    CNW Group

    48North Appoints Charles Vennat Chief Corporate Officer

    TORONTO, Aug. 13, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News) is pleased to announce that it has appointed Charles Vennat as Chief Corporate Officer, effective immediately. Charles, an accomplished entrepreneur with extensive experience working in highly-regulated sectors, most recently as President of Bastos of Canada Ltd., a manufacturer of tobacco products, is joining the Company to drive the corporation's business plan and strategic vision. "Charles has a proven track record in translating business strategy into actionable goals for strategic growth and performance.

  • 48North Ships First Order of Cannabis to OCS; 48North Cannabis Products Now Available for Retail Sale in Ontario
    CNW Group

    48North Ships First Order of Cannabis to OCS; 48North Cannabis Products Now Available for Retail Sale in Ontario

    TORONTO, Aug. 9, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News) announced today that it has successfully shipped its first order of cannabis to the Ontario Cannabis Store ("OCS") for retail sale. The shipment marks the Company's first foray into Ontario's recreational retail market. Today's shipment is just the beginning of the Company's relationship with the OCS.

  • 48North Makes Strategic Investment in Friendly Stranger, Marking Company's First Retail Investment
    CNW Group

    48North Makes Strategic Investment in Friendly Stranger, Marking Company's First Retail Investment

    TORONTO, Aug. 7, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News) is pleased to announce that it has made a strategic investment of $1.25 million in Friendly Stranger Holdings Corp., a cannabis accessories retailer in Ontario that has been operating for 25 years and aims to add legal cannabis to its offerings after receiving a licence. 48North's investment is intended to facilitate Friendly Stranger's aggressive expansion plans and specific intention to enter the legal retail cannabis market. As Canada's most iconic cannabis culture shop, widely revered for its friendly and knowledgeable service, 48North is confident that Friendly Stranger will continue to dominate the retail cannabis market.

  • Friendly Stranger Holdings Corp receives investment from VIVO CANNABIS™ and 48North
    CNW Group

    Friendly Stranger Holdings Corp receives investment from VIVO CANNABIS™ and 48North

    TORONTO, July 29, 2019 /CNW/ - Friendly Stranger Holdings Corp ("FSHC" or the "Company") today announced that it has received investments totalling $5 million from several strategic partners. 48North Cannabis Corp (TSXV:NRTH.V - News) ("48North") and VIVO Cannabis Inc. (TSX-V: VIVO, OTCQX: VVCIF) ("VIVO") have both made a $1.25 million strategic investment in the Company. Green Acre Capital ("GAC") has committed an additional $2.5 million investment in addition to its original investment in October 2018.

  • 48North Successfully Completes Planting at its 100-acre Outdoor Organic Cultivation Facility, Good:Farm
    CNW Group

    48North Successfully Completes Planting at its 100-acre Outdoor Organic Cultivation Facility, Good:Farm

    TORONTO, July 12, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or "the Company") (TSXV:NRTH.V - News) is pleased to announce that it is has completed the planting of its first outdoor cannabis crop at its Good:Farm, Canada's largest outdoor organic cannabis cultivation facility (3.7 million sq. ft. of cultivation space) in Brant County, Ont. 48North has successfully planted more than 250,000 cannabis seeds at Good:Farm. The Company expects two harvests annually at the Good:Farm.

  • 48North Converts Good:House into Propagation, Processing and Packaging Facility for its Outdoor-Grown Cannabis
    CNW Group

    48North Converts Good:House into Propagation, Processing and Packaging Facility for its Outdoor-Grown Cannabis

    TORONTO, July 9, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or "the Company") (TSXV:NRTH.V - News) announced that it is converting its Good:House, 48North's licenced indoor facility located in Brantford, Ontario, from a cultivation-focused facility into a full-time propagation, processing and packaging facility. In preparation for the Good:Farm's first outdoor harvest in August and second harvest in October, 48North has begun the process of converting its Brantford facility, located 10 minutes away from the Good:Farm, into the processing, manufacturing, packaging and distribution hub for the Company's outdoor cultivation site.

  • CNW Group

    48North Partners with The New Farm and Farms for Change in Celebration and Support of Sustainable and Organic Farming

    TORONTO, June 13, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News) has partnered with The New Farm and Farms for Change in support of Community Food Centres Canada, an organization focused on increasing access to healthy organic food, and organic farms across Canada. 48North and The New Farm are steadfast in their commitment to promoting environmental stewardship. In May, 48North received its outdoor cultivation licence from Health Canada for its 100-acre (3.7-million-square-feet of cultivation space) organic farm ("Good Farm"), located in Brant County, Ont. With this licence, Good Farm will become one of the largest ever licensed cannabis operations in the world.

  • 48North Ships First Order of Cannabis to SQDC; 48North Cannabis Products Now Available for Retail Sale in Quebec
    CNW Group

    48North Ships First Order of Cannabis to SQDC; 48North Cannabis Products Now Available for Retail Sale in Quebec

    TORONTO, June 12, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News) announced today that it has shipped its first order of cannabis to the Société québécoise du cannabis (SQDC) for retail sale. The shipment marks the Company's first foray into the Canadian recreational retail market. In February, the Company announced that it had signed Canada's first-ever letter of intent for outdoor- grown cannabis with the SQDC, Quebec's sole legal retailer of recreational cannabis.

  • 48North Signs Supply Agreement with OCS for Outdoor-Grown Cannabis
    CNW Group

    48North Signs Supply Agreement with OCS for Outdoor-Grown Cannabis

    TORONTO, June 10, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News) announced today that it has signed a supply agreement with the Ontario Cannabis Store ("OCS"), Ontario's sole wholesaler and online retailer for recreational cannabis. Under the supply agreement, 48North will supply the OCS with 1,200 kilograms of dried cannabis from its outdoor farm in Brant County, Ont., ("Good Farm") and other cannabis products such as pre-rolls from its indoor facilities in Brantford, Ont., ("Good House") and Kirkland Lake, Ont. ("DelShen Therapeutics").

  • 48North Announces Grant of Stock Options and Restricted Share Units
    CNW Group

    48North Announces Grant of Stock Options and Restricted Share Units

    TORONTO, May 23, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News), a vertically integrated cannabis producer focused on the development of next-generation cannabis products, has granted an aggregate of 708,250 stock options (each an "Option") and 900,000 restricted share units (each an "RSU") to certain directors, officers, and employees of the Company. Each Option is exercisable into one common share ("Share") of the Company at a price of $1.09 per Share for a period of three years from the date of grant. Each RSU is exercisable into one Share for a period of up to three years from the date of grant.  All of the Options and RSU's have been granted pursuant to the Company's Stock Option Plan and Restricted Share Unit Plan which has been previously approved by the Company's shareholders and the TSX Venture Exchange.

  • /R E P E A T -- 48North Approved to Open One of the World's Largest Licensed Outdoor Cannabis Operations/
    CNW Group

    /R E P E A T -- 48North Approved to Open One of the World's Largest Licensed Outdoor Cannabis Operations/

    TORONTO, May 17, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News) is poised to produce over 40,000 kilograms of outdoor-grown organic cannabis this year, at what is expected to be the lowest-cost per gram in Canada. Earlier today, 48North received its outdoor cultivation license from Health Canada for its 100-acre (3.7 million square feet) organic farm ("Good Farm"), located in Brant County, Ontario. Good Farm will become one of the largest-ever licensed cannabis operations in the world.

  • 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
    CNW Group

    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

    TORONTO, May 20, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News), a leading licensed cannabis producer focused on next-generation cannabis products, has released its financial and operating results for the three and nine months ended March 31, 2019. The Company's financial statements and related management discussion and analysis for the period are available on the Company's SEDAR profile at www.sedar.com and on the Company's website at www.48nrth.com/investors. 48North remained EBITDA positive for its third consecutive quarter with the Company's three-month EBITDA totalling $78,000, representing an 570% increase from Q2 to Q3.

  • 48North Approved to Open One of the World's Largest Licensed Outdoor Cannabis Operations
    CNW Group

    48North Approved to Open One of the World's Largest Licensed Outdoor Cannabis Operations

    TORONTO, May 17, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News) is poised to produce over 40,000 kilograms of outdoor-grown organic cannabis this year, at what is expected to be the lowest-cost per gram in Canada. Earlier today, 48North received its outdoor cultivation license from Health Canada for its 100-acre (3.7 million square feet) organic farm ("Good Farm"), located in Brant County, Ontario. Good Farm will become one of the largest-ever licensed cannabis operations in the world.

  • 48North Signs Supply Agreement with AGLC for Outdoor-Grown Cannabis
    CNW Group

    48North Signs Supply Agreement with AGLC for Outdoor-Grown Cannabis

    TORONTO, May 15, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News) announced today that it has signed a supply agreement with Alberta Gaming, Liquor & Cannabis ("AGLC"), Alberta's wholesaler of recreational cannabis. 48North's supply agreement with AGLC was signed on May 15, 2019, and pertains to calendar year 2019.

  • 48North Cannabis Corp. to Host Third Quarter 2019 Financial Results Conference Call on Tuesday, May 21, 2019 at 8:30 A.M. (ET)
    CNW Group

    48North Cannabis Corp. to Host Third Quarter 2019 Financial Results Conference Call on Tuesday, May 21, 2019 at 8:30 A.M. (ET)

    TORONTO, May 1, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News) will hold a conference call on Tuesday, May 21, 2019 to review its financial results for the third quarter ended March 31, 2019. The call will be hosted by Alison Gordon, Chief Executive Officer, and David Hackett, Chief Financial Officer. All interested parties are invited to participate.

  • 48North Wins "Brand of the Year" at the 2019 O'Cannabiz Industry Awards Gala
    CNW Group

    48North Wins "Brand of the Year" at the 2019 O'Cannabiz Industry Awards Gala

    TORONTO, April 29, 2019 /CNW/ - Toronto, On: 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News) is pleased to announce that it won "Brand of the Year," at the annual O'Cannabiz Industry Awards Gala. "As consumers begin to navigate the crowded cannabis space, brand awareness will be critical to success. 48North is honoured to be recognized as a leading brand in the industry.  Our brand is unique in its authenticity, diversity and focus on health and wellness.

  • 48North Accelerates Warrant Expiry Date, Gross Proceeds to the Company Will Total an Estimated $13,500,000
    CNW Group

    48North Accelerates Warrant Expiry Date, Gross Proceeds to the Company Will Total an Estimated $13,500,000

    TORONTO, April 18, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News), a vertically integrated cannabis producer focused on the development of next-generation cannabis products, announced that it is accelerating the expiry of certain common share purchase warrants ("Warrants"), bearing an expiration date of December 2, 2020. Accordingly, if all of the remaining outstanding 18,038,090 Warrants available after the April 2, 2019 acceleration date are exercised, gross proceeds to the Company will total $13,528,567. 48North Cannabis Corp. (TSXV:NRTH.V - News) is a vertically integrated cannabis company focused on the health and wellness market through cultivation and extraction, as well as the creation of innovative, authentic brands for next-generation cannabis products.

  • 48North Signs Extraction Partnership and Outdoor Supply Agreement with humble+fume
    CNW Group

    48North Signs Extraction Partnership and Outdoor Supply Agreement with humble+fume

    TORONTO, April 11, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News) is pleased to announce that it has entered into a formal partnership with humble+fume. Under the extraction partnership, humble+fume will build a state-of-the-art cannabis extraction facility and packaging line within 48North's fully-licensed cultivation and processing facility ("Good House") in Brantford, Ontario. Upon completion of the extraction facility, 48North will be able to process over 30,000 kg of cannabis mass annually.

  • 48North Closes Previously Announced Bought Deal for Total Gross Proceeds of $28.75 Million
    CNW Group

    48North Closes Previously Announced Bought Deal for Total Gross Proceeds of $28.75 Million

    TORONTO, April 2, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News) is pleased to announce that the Company has closed its previously announced "bought deal" short form prospectus offering of units ("Units") of the Company ("Offering") for total gross proceeds of approximately $28.75 million, which included the exercise of the over-allotment option granted to the Underwriters (defined below) in full. Pursuant to the Offering, 21,139,760 Units were sold at a price per Unit of $1.36 ("Issue Price") for gross proceeds of $28,750,073.60. The Offering was completed by a syndicate of underwriters including Eight Capital, as sole bookrunner and lead underwriter, and Canaccord Genuity Corp. ("Underwriters").

  • GlobeNewswire

    Bigger is Better: More Facilities Receive Approval For Expanded Production

    POINT ROBERTS, Wash. and DELTA, British Columbia, March 22, 2019 -- Investorideas.com, a leading investor news resource covering hemp and cannabis stocks, releases a snapshot.

  • 48North Added to Canada's Largest and Best Performing Cannabis ETF, Horizons Marijuana Life Sciences Index ETF
    CNW Group

    48North Added to Canada's Largest and Best Performing Cannabis ETF, Horizons Marijuana Life Sciences Index ETF

    TORONTO, March 20, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News) is pleased to announce that the Company has been added to the Horizons Marijuana Life Sciences ETF ("HMMJ") ("TSX:HMMJ"). 48North's inclusion, along with a select group of its peers, is a proof-point that the Company is being watched closely by the investment community.

  • GlobeNewswire

    48North Enters Into $25 Million Bought Deal Equity Financing

    The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 15% of the Units at the Issue Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering. If this option is exercised in full, an additional approximately $3,750,000 will be raised pursuant to the Offering and the aggregate proceeds of the Offering will be approximately $28,750,064.

  • 48North Receives Standard Processing License from Health Canada for its Good & Green Facility in Brantford, Ontario
    CNW Group

    48North Receives Standard Processing License from Health Canada for its Good & Green Facility in Brantford, Ontario

    TORONTO, March 11, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH.V - News) is pleased to announce that its wholly-owned subsidiary Good & Green, a licensed cannabis producer under the Cannabis Act, received its Standard Processing License ("Processing License") from Health Canada on March 8, 2019. This additional license solidifies 48North's ability to launch next-generation cannabis products for retail sale in fall 2019.

  • 48North Announces an Exclusive Licensing Agreement with Arbor Pacific for its Nationwide Premium Cannabis Brand, Avitas
    CNW Group

    48North Announces an Exclusive Licensing Agreement with Arbor Pacific for its Nationwide Premium Cannabis Brand, Avitas

    TORONTO, March 6, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company")  (TSXV:NRTH.V - News) is pleased to announce today that it has signed an exclusive licensing agreement with U.S.-based Arbor Pacific Inc. to bring its premium brand Avitas to Canadian consumers. Avitas, available in over 500 stores in Washington, Oregon and Colorado is one of the best-selling single strain vaporizer cartridges in the United States and completes 48North's vaporizer strategy. Avitas develops 100% additive free, single strain, ultra-refined and purified, vaporizer cartridges.