Marijuana firm 48North reports positive revenue, net losses

48North, a vertically integrated marijuana producer based in Ontario, Canada, reported revenue of 689,203 Canadian dollars ($516,902) for the fiscal third quarter ended March 31, 2019.

Net loss for the period totaled CA$1.47 million. The company did not report comparable revenue and net income figures for the same period in 2018.

Revenues for the nine months ended March 31, were CA$4.3 million with a net loss for the period of CA$3.36 million.

48North trades on the TSX Venture Exchange under the ticker symbol NRTH.

More details on the results can be found here.

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