48North Cannabis (TSXV: NRTH) has received test results back related to its outdoor harvest. This morning, the firm provided the market with details related to the THC content, as well as strain information for its first outdoor harvest which yielded approximately 120 kilograms of cannabis per acre. Testing was conducted by A&L Canada Laboratories, an unrelated third party.
With respect to dried flower, the firm received test results of THC ranging between 11% and 19%, while containing an average of 14%. Thus, the THC content is sufficient for the firm to utilize the product for its supply commitments to numerous provincial regulators.
In terms of biomass, THC content ranged from 2% to that of 15%, with 48North indicating that the firm received a weighted average THC content of 12% for its biomass. Approximately 69% of the biomass showed THC content of 14%. The biomass will be used towards the production of vapes and other concentrate products by Humble + Fume. It’s unclear just how much biomass was harvested from 48North’s outdoor operation.
The strains successfully grown by 48North include Nepal lights, Mountain Kush, Lemon Haze and Green Crack.
48North also confirmed that its second generation cannabis products, which include topicals, vapes, and sublingual products, while arrive at retailers in early 2020. The firm expects to represent 10% of all vape products available in Ontario via its partnership with Humble + Fume on a SKU basis.
48North last traded at $0.34 on the TSX Venture.
Information for this briefing was found via Sedar and 48North Cannabis Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.