48North Cannabis Corp. — Capital/Financing Update 2021

Apr 12, 2021

==> picture [183 x 63] intentionally omitted <==

==> picture [188 x 95] intentionally omitted <==

April 12, 2021

FILED BY SEDAR

TO: Ontario Securities Commission, as principal regulator

AND TO: Alberta Securities Commission British Columbia Securities Commission Financial and Consumer Affairs Authority of Saskatchewan, Securities Division The Manitoba Securities Commission Financial and Consumer Services Commission, New Brunswick Nova Scotia Securities Commission Office of the Superintendent of Securities, Prince Edward Island Office of the Superintendent of Securities, Newfoundland and Labrador

Dear Sirs/Mesdames:

Re: 48NORTH CANNABIS CORP.

We refer to the final short form prospectus of 48North Cannabis Corp. (the " Corporation ") dated April 12, 2021 (the " Prospectus ") in connection with the proposed offering of, (i) up to 24,000,000 units of the Corporation (" Units ") at a price of $0.21 per Unit (the " Offering ") to purchasers in all of the provinces of Canada, except Quebec. Each Unit is comprised of one common share of the Corporation and one common share purchase warrant of the Corporation; and (ii) an over-allotment option granted to the underwriters to purchase up to an additional 3,600,000 Units.

We hereby consent to the use of our firm's name under the headings "Eligibility for Investment" and "Legal Matters and Interest of Experts" , and to the reference to our opinion under the heading "Legal Matters and Interest of Experts" , and the cove page of the prospectus which opinion is dated as of the date of the Prospectus.

We confirm that we have read the Prospectus and have no reason to believe that there are any misrepresentations in the information contained in the Prospectus that are derived from our opinion referred to above, or that are within our knowledge, as a result of the services we performed in connection with such opinions.

Yours truly,

(signed) "Bennett Jones LLP"