Net loss for cannabis firm MJardin balloons in 2018

Denver-based MJardin Group reported revenue for 2018 of 27.5 million Canadian dollars ($20.4 million), up 38% over revenue in 2017.

The marijuana company recorded a net loss for 2018 of CA$84.3 million, compared with a year-ago profit of CA$1.5 million, primarily stemming from losses connected to Canadian cultivation operations.

MJardin operates cultivation, processing and retail facilities in North America and trades on the Canadian Securities Exchange under the ticker symbol MJAR.

Read more here.

For more analysis and in-depth looks at the investment trends and deals driving the cannabis industry forward, sign up for our new premium subscription service, Investor Intelligence.

One comment on “Net loss for cannabis firm MJardin balloons in 2018
  1. Brian Clark on

    What exactly is the purpose of this article? What did they spend on? Is the author busy coloring a book currently?

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *