Shopify Inc.’s loss narrowed in the fourth quarter as it began powering provincial and private marijuana e-commerce offerings and continued its push to grow its merchant base. The e-commerce software company reported Tuesday a fourth-quarter loss of US$1.5 million compared with a loss of US$3 million in the same quarter a year earlier. A Shopify logo is seen during an event in Toronto on Tuesday, May 8, 2018. On an adjusted basis, Shopify reported a profit of 26 cents per share, up from an adjusted profit of 15 per share in the fourth quarter of 2017. Shopify said its fourth quarter GMV grew by $4.9 billion to reach $14 billion for the fourth quarter and $41 billion for 2018.

Source: thestar February 12, 2019 12:22 UTC