Marijuana firm 48North reports positive revenue, net losses

Women, minority execs show few gains in U.S. cannabis industry, according to the latest data from the MJBiz Diversity, Inclusion and Equity Report. Get your copy here.


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.