North Wearables Looks for a Buyer While Cash Is Running Out

North, the Canadian maker of augmented-reality wearables that counts Intel Corp. and Amazon.com Inc. as investors, is looking for a buyer while it runs low on cash, according to people familiar with the matter.

The company, which was previously known as Thalmic Labs, has been meeting with potential buyers since last summer, according to one of the people, who asked not to be named because the meetings are private. Now the sales process is ramping up, with supply chain shocks from the coronavirus outbreak intensifying the urgency, the people said.