GREY:NCNNF - Post by User
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HappyFlowers25on Mar 03, 2021 12:28pm
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4 recent Highlights from 48North (See Investor Kits)
4 recent Highlights from 48North (See Investor Kits)FINANCIAL RESULTS :: In Q2 of the fiscal year, 48North an- nounced 11.7% quarter-over-quarter revenue growth and a 346% year-over-year increase. The Company improved its cash use in operating activities by 46 per cent from $ 5.7 million in Q1 2021 to $ 3.1 million in Q2 2021.--------------------------------------------------------------------- MARKET SHARE:-- 48North has the number one topical in Ontario, three of the top ten topi- cals in Canada, the number one concentrate in Ontario and Alberta, and dried flower and pre-rolls consistent in the top ten in Canada. ----------------------------------------- PRODUCT EXPANSION :-- 48North has launched 30 SKUs since March 2020, including Canadas first topical, first intimacy product, and one of the highest selling dried flowers in Ontario.----------------------------------------- SUSTAINABILITY: -- 48 North's commitment to sustain- ability continues to increase our consumer loyalty, with the companys biodegradable packaging exciting consumers and retailers across Canada. This advantage was confirmed in the Ontario Cannabis Store's 2021 Q1 report, which outlined environmental / sustainable packaging as an important attribute for the majority of new customers. -