The parent company of a fledgling Kirkland Lake cannabis grower has gone public on the TSX Venture Exchange with plans to cater to a specific demographic market.
48North Cannabis announced the common shares began trading on the TSX on June 11 under the new symbol "NRTH."
CEO Alison Gordon said her company is “on track to serve the female health and wellness cannabis market with innovative next generation products and brands.”
"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."
DelShen owns a 40,000-square-foot facility on 800 acres near Kirkland Lake. It was granted a licence to produce from Health Canada early last year.
"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," said Gordon.
The company cultivates cannabis genetics sourced from MariPharm B.V., a Netherlands-based phytopharmaceutical company with more than 25 years of experience in the research and cultivation of cannabis for medical purposes.