48North Cannabis (TSXV:NRTH) announced the start of trading for the company’s common shares on the TSX Venture on Monday (June 11).
As quoted in the press release:
“48North is a future-focused company on track to serve the female health and wellness cannabis market with innovative next generation products and brands,” said Alison Gordon, Chief Executive Officer of 48North. “As Canada’s first female CEO of a now publicly-traded licensed producer of cannabis, 48North will provide an intrinsic and authoritative view to a valuable demographic that is currently underserved in this industry.”
“In addition to our market position, we have an exciting and unique strategy that aims to leverage 48North’s cultivation facilities with our expertise in the consumer packaged goods space,” continued Ms. Gordon. “The TSXV was built to facilitate entrepreneurial companies like us and within this reputable and highly regulated environment, our public listing will increase visibility and access to capital, while providing liquidity for our shareholders.”
48North cultivates high quality cannabis with unique genetics from the Netherlands. With a business strategy in place to leverage intellectual property and formulations, as well as partner with existing U.S. and global brands, the goal is to have licensed CPG products available in retail upon legalization of adult recreation in accordance with the Cannabis Act.