Net loss for marijuana firm MJardin balloons in 2018

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Denver-primarily based MJardin Group reported income for 2018 of 27.five million Canadian dollars ($20.four million), up 38% more than income in 2017.

The marijuana corporation recorded a net loss for 2018 of CA$84.three million, compared with a year-ago profit of CA$1.five million, mostly 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 below the ticker symbol MJAR.

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