48North Cannabis Company (NRTH)

[Diogenes of Sinope]

48North Cannabis Corp. Completes Acquisition of Good & Green, Fulfills $10 Million Private Placement, and Appoints Jeannette VanderMarel as Co-CEO

"Both of today's announcements mark a significant transformation of 48North. This strategic acquisition of Good & Green, Private Placement and partnership with Canopy Growth work to strengthen and accelerate 48North's ability to deliver on its business plan," said Alison Gordon, Co-Chief Executive Officer at 48North. "48North is now well capitalized, fully in control of its supply chain, a truly vertically-integrated company, and well positioned to continue to develop next-generation cannabis products," continued Ms. Gordon.

This Acquisition provides 48North with a total expected 2019 production of at least 45,000 kilograms of cannabis. Good & Green's cultivation and production facilities include a 46,000 square foot indoor facility situated on five-acres of commercial land in Brantford, Ontario, as well as a 100-acre farm in Southwest Ontario. This significant production footprint includes 48North's existing 2019 indoor expected production of 2,500 kilograms from DelShen Therapeutics Corp., the Company's existing wholly-owned Licensed Producer.



https://www.newswire.ca/news-releases/48north-cannabis-corp-completes-acquisition-of-good--green-fulfills-10-million-private-placement-and-appoints-jeannette-vandermarel-as-co-ceo-701779221.html