|Bid||0.1750 x 0|
|Ask||0.1800 x 0|
|Day's Range||0.1800 - 0.1800|
|52 Week Range||0.1300 - 0.4200|
|Beta (5Y Monthly)||1.30|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar. 02, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
48North Cannabis Corp. ("48North" or the "Company") (TSXV: NRTH) is pleased to announce that the Company has closed its previously announced overnight marketed public offering of units ("Units") of the Company (the "Offering") for total gross proceeds of approximately $5.4 million, which included the partial exercise of the over-allotment option granted by the Company to the Agents (defined below). Pursuant to the Offering, 25,694,400 Units were sold at a price of $0.21 ("Issue Price") per Unit for gross proceeds of $5,395,824. The Offering was completed by a syndicate of agents co-led by Cantor Fitzgerald Canada Corporation and Cormark Securities Inc. (collectively, the "Agents").
48North said it will immediately shut down its 100-acre outdoor organic cultivation facility near Hamilton, Ont.
48North Cannabis Corp. ("48North" or the "Company") (TSXV: NRTH) a vertically integrated licensed producer focused on manufacturing high-quality cannabis products and building progressive and thought-provoking brands, announced today changes designed to streamline its operations and further improve margins.