NCNNF - 48North Stock Tanking Off the Back of Disappointing Q4 2019 Results

48North stock is down over 20% today after 48North Cannabis Corp (TSXV:NRTH) (OTCPK:NCNNF) reported disappointing Q4 results for the fiscal year ended June 30, 2019.

48North Cannabis posted its Q4 results after the bell yesterday, reporting revenue of just $0.48 million CAD compared to $0.68 million CAD in the third quarter, which is a loss of nearly 30%. To make matters worse, expenses increased substantially as a result of the company harvesting its outdoor crop during the fourth quarter. While the company did not break its operational costs into a quarterly basis, an examination of the ...