48North Cannabis Corp. (
TSX-V.NRTH) – a vertically integrated Licensed Producer focused on manufacturing high-quality cannabis products, building progressive and thought-provoking brands, and low-cost cultivation – has released its financial and operating results for the second quarter ended December 31, 2020.
Charles Vennat, CEO of 48North, commented:
"48North's Q2 Fiscal 2021 results provide us with another strong demonstration that our strategy is working. The Company was successful in driving an increase in revenue while dramatically decreasing its cash burn. Looking ahead, there are additional efficiencies to leverage and significant organic growth opportunities to be capitalized upon, including increasing the reach of the Company's newest brands Trail Mix and Latitude, introducing new product formats, and maximizing retail penetration."
Full news release
here.
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