• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login

    Investing News NetworkYour trusted source for investing success

    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Cannabis Market
    Cannabis News
    Cannabis Stocks
    • Cannabis Market
    • Cannabis News
    • Cannabis Stocks
    cannabis investing

    VIDEO - 48North Co-CEO: Perks of Outdoor Growing

    Bryan Mc Govern
    Jun. 19, 2019 04:30PM PST
    Cannabis Investing News
    TSXV:LIFTplay icon

    Jeannette VanderMarel, co-CEO of 48North Cannabis, spoke with INN about the firm’s recently obtained outdoor growing cannabis license.

    An outdoor growing license has opened the door to premium organic product and extracts for the upcoming edibles and infused market, says an executive at a Canadian marijuana producer.

    Jeannette VanderMarel, co-CEO of 48North Cannabis (TSXV:NRTH), told the Investing News Network (INN) about the company’s recently obtained outdoor growing license for its Good Farm facility in Ontario.

    VanderMarel told INN that a higher cost is expected with organic product since it will be promoted as higher quality. She hopes there will be a higher profit margin for the firm thanks to its planned organic offerings.

    The critical license for 48North was confirmed by Health Canada in May. Alison Gordon, co-CEO of the company, said in a press release that consumer packaged goods brands that are looking to enter the marijuana market will need a quality, low-cost and organic producer.

    VanderMarel was a speaker at the “US Expansion: Executing a Go-To-Market Strategy” panel at the Lift & Co. (TSXV:LIFT,OTCQB:LFCOF) Cannabis Expo in Toronto. During her time on stage, the executive said Canadian firms can tap partnerships with leaders in the US that don’t directly relate to growing the plant.

    “We (are partnered) with several US companies to bring well-known brands from the US and take their IP, their technology, their scientists and help them replicate those products in our facility using Canadian cannabis,” she said.

    The firm has a conservative estimate that its outdoor production will produce a yield of 40,000 kilograms. From that resulting product, 80 percent will be used for extraction and processing purposes, while the remaining 20 percent will be allocated to provincial distribution as organic dried flower product, according to VanderMarel.

    On Monday (June 17), the firm uploaded a video showcasing its outdoor growing execution and announcing the official planting of 250,000 cannabis plants.

    For more on what VanderMarel had to say, watch the interview above. You can also click here to see our full Lift & Co. Cannabis Expo playlist on YouTube.

    Don’t forget to follow us @INN_Cannabis for real-time updates!

    Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

    Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

    lift & cocannabis investingtsxv:lifttsxv:nrthcanada
    The Conversation (0)

    Latest News

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Cannabis Investing News Stocks

    extractX

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×