48North Cannabis Corp. operates as a cannabis company in the health and wellness market in Canada.
+ 1 more risk
Excellent balance sheet and fair value.
Share Price & News
How has 48North Cannabis's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NRTH's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NRTH underperformed the Canadian Pharmaceuticals industry which returned -59.3% over the past year.
Return vs Market: NRTH underperformed the Canadian Market which returned 4.5% over the past year.
Price Volatility Vs. Market
How volatile is 48North Cannabis's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StDo Insiders Own Shares In 48North Cannabis Corp. (CVE:NRTH)?
1 month ago | Simply Wall StHere's Why We're Not Too Worried About 48North Cannabis's (CVE:NRTH) Cash Burn Situation
4 months ago | Simply Wall StWe Think 48North Cannabis (CVE:NRTH) Can Easily Afford To Drive Business Growth
Is 48North Cannabis undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NRTH (CA$0.3) is trading below our estimate of fair value (CA$6.49)
Significantly Below Fair Value: NRTH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NRTH is unprofitable, so we can't compare its PE Ratio to the Pharmaceuticals industry average.
PE vs Market: NRTH is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NRTH's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NRTH is good value based on its PB Ratio (0.6x) compared to the CA Pharmaceuticals industry average (1.5x).
How is 48North Cannabis forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if NRTH's forecast earnings growth is above the savings rate (1.4%).
Earnings vs Market: Insufficient data to determine if NRTH's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NRTH's revenue (113.9% per year) is forecast to grow faster than the Canadian market (4.7% per year).
High Growth Revenue: NRTH's revenue (113.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NRTH's Return on Equity is forecast to be high in 3 years time
How has 48North Cannabis performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: NRTH is currently unprofitable.
Growing Profit Margin: NRTH is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if NRTH's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare NRTH's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NRTH is unprofitable, making it difficult to compare its past year earnings growth to the Pharmaceuticals industry (-11.3%).
Return on Equity
High ROE: NRTH has a negative Return on Equity (-11.83%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is 48North Cannabis's financial position?
Financial Position Analysis
Short Term Liabilities: NRTH's short term assets (CA$56.5M) exceed its short term liabilities (CA$9.9M).
Long Term Liabilities: NRTH's short term assets (CA$56.5M) exceed its long term liabilities (CA$2.9M).
Debt to Equity History and Analysis
Debt Level: NRTH is debt free.
Reducing Debt: NRTH had no debt 5 years ago.
Inventory Level: NRTH has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if NRTH's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NRTH has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NRTH has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is 48North Cannabis's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NRTH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate NRTH's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NRTH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NRTH's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NRTH's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alison Gordon 0
Ms. Alison Gordon is Chief Executive Officer at 48North Cannabis Corp. since September 10, 2019. Ms. Gordon served as Co- Chief Executive Officer since November 30, 2018 until September 10, 2019 and serves ...
CEO Compensation Analysis
Compensation vs Market: Alison's total compensation ($USD1.91M) is above average for companies of similar size in the Canadian market ($USD154.65K).
Compensation vs Earnings: Alison's compensation has increased whilst the company is unprofitable.
|CEO & Director||0.4yrs||CA$2.53m||0.43% CA$229.7k|
|Chief Financial Officer||1.8yrs||CA$1.06m||0.31% CA$165.0k|
|Vice President of Operations||0yrs||no data||no data|
|Chief Marketing Officer||0.5yrs||no data||0.19% CA$100.8k|
|Senior Vice President of Sales & Commercialization||0yrs||no data||no data|
|Vice President of Human Resources||0yrs||no data||no data|
|Chief Corporate Officer||0.5yrs||no data||no data|
Experienced Management: NRTH's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
|CEO & Director||0.4yrs||CA$2.53m||0.43% CA$229.7k|
|Independent Chairman||1.7yrs||no data||0.36% CA$190.5k|
|Independent Director||1.7yrs||no data||0.072% CA$38.3k|
|Independent Director||1.7yrs||no data||0.11% CA$58.8k|
|Independent Director||1.7yrs||no data||0.094% CA$50.0k|
|Independent Director||0.3yrs||no data||no data|
|Independent Director||1.7yrs||no data||0.25% CA$132.3k|
Experienced Board: NRTH's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NRTH insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 116.6%.
48North Cannabis Corp.'s company bio, employee growth, exchange listings and data sources
- Name: 48North Cannabis Corp.
- Ticker: NRTH
- Exchange: TSXV
- Industry: Pharmaceuticals
- Sector: Pharmaceuticals & Biotech
- Market Cap: CA$53.323m
- Shares outstanding: 177.74m
- Website: https://www.48nrth.com
Number of Employees
- 48North Cannabis Corp.
- 243 Queen Street West
- Suite 200
- M5V 1Z4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NRTH||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Jun 2018|
|NCNN.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jun 2018|
48North Cannabis Corp. operates as a cannabis company in the health and wellness market in Canada. The company produces, processes, and sells cannabis. 48North Cannabis Corp. is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 03:57|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.