About 48North
48North is a company based in Toronto (Canada) founded in 2010 was acquired by HEXO in May 2021.. 48North has completed 2 acquisitions, including Bong88 and Good & Green.
- Headquarter Toronto, Canada
- Stage Public
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$3 M (USD), Post-IPO
Oct 09, 2020
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Investors
Canopy Growth
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Bong88
& 1 more
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Acquired by
HEXO
(May 17, 2021)
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Funding Insights of 48North
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $3.0M
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First Round
First Round
(06 Feb 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Post-IPO - 48North | Valuation |
investors |
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| Feb, 2019 | Amount | Post-IPO - 48North | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 48North
48North has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Canopy Growth, HEXO and Cormark Securities. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Merger and acquisition advisory services are provided for mid-market clients.
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Founded Year | Domain | Location | |
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Cannabis products are provided to support consumer wellness and health.
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Founded Year | Domain | Location | |
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Cannabis-based products are manufactured by HEXO in Canada.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 48North
48North has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Bong88 and Good & Green. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Vaporizer pens are branded and distributed by Quill.
|
2015 | ||||
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Cannabis products are produced by Good & Green in Canada.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - 48North
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
48North Comparisons
Competitors of 48North
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 48North
When was 48North founded?
48North was founded in 2010 and raised its 1st funding round 9 years after it was founded.
Where is 48North located?
48North is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
What does 48North do?
Founded in 2010 and based in Toronto, Canada, 48North operates as a vertically integrated entity within the cannabis industry. Cultivation, processing, and distribution activities are handled across the supply chain. The companys structure supports end-to-end management of cannabis-related products and services. Operations are centered in Canada, with emphasis on regulatory compliance and market participation in the legal cannabis market.
How many acquisitions has 48North made?
48North has made 2 acquisitions, including Bong88, and Good & Green.
Who are 48North's investors?
48North has 3 investors. Key investors include Canopy Growth, HEXO, and Cormark Securities.