King Mountain Tobacco reports $40,913 net loss for April period

By Sarah Lizee

Olympia, Wash., May 21 – King Mountain Tobacco Co., Inc. reported a $40,913 net loss on $2.67 million of tobacco sales for the April period, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Eastern District of Washington.

In comparison, the company posted a $103,355 net income on $2.74 million of tobacco sales for the March period.

The company listed $2.41 million of cash as of April 30, compared to $2.26 million at the end of March.

King Mountain Tobacco is a White Swan, Wash.-based tobacco manufacturer owned and operated by citizens of the Yakama Nation. The company filed Chapter 11 bankruptcy on Sept. 25, 2020 under case number 20-01808.

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