About CRON
Cronos Group Inc. operates as a cannabinoid company that engages in the cultivation, production and marketing of cannabis products in Canada, Israel, and Germany. It offers dried flower, pre-rolls, oils, vaporizers, edibles, and cannabis tinctures under the Spinach, Lord Jones, and PEACE NATURALS brands. Cronos Group Inc. was founded in 2012 and is based in Toronto, Canada. [Read more]
Industry
Sector Healthcare
CEO Michael Ryan Gorenstein J.D.
Employees 356
Stock Exchange NASDAQ
Ticker Symbol CRON
Full Company Profile
Financial Performance
In 2023, Cronos Group's revenue was $87.24 million, an increase of 0.57% compared to the previous year's $86.75 million. Losses were -$73.96 million, -56.17% less than in 2022.
Financial Statements
Analyst Forecast
According to 2 analysts, the average rating for CRON stock is "Hold." The 12-month stock price forecast is $3.0, which is an increase of 36.36% from the latest price.
Price Target
$3.0
(36.36% upside)
Analyst Consensus: Hold
Stock Forecasts
News
Cronos Group Reports 2024 Second Quarter Results
Net revenue in Q2 2024 increased by 46% year-over-year to $27.8 million Industry-leading balance sheet with $848 million in cash and cash equivalents Announced expansion of Cronos GrowCo designed to f...
1 day ago - GlobeNewsWire
How the head of cannabis company Cronos dealt with a negative report from indicted short seller Andrew Left
Cronos Group's Chief Executive Mike Gorenstein was giving a tour of one of the company's cannabis growing facilities in 2018 when he heard that his company's stock was down sharply.
7 days ago - Market Watch
3 Marijuana Stocks For Investors To Trade Today
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9 days ago - MarijuanaStocks
Cronos Group Inc. to Hold 2024 Second Quarter Earnings Conference Call on August 8, 2024
TORONTO, July 25, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) will hold its 2024 second quarter earnings conference call on Thursday, August 8, 20...
15 days ago - GlobeNewsWire
Cronos Group Inc. Announces Results of Reconvened 2024 Annual Meeting of Shareholders
TORONTO, July 22, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) announces that at its Annual Meeting of Shareholders (the “Meeting”) reconvened July...
18 days ago - GlobeNewsWire
The Best Marijuana Stocks This Week
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4 weeks ago - MarijuanaStocks
Cronos Group Inc. to Reconvene Virtual 2024 Annual Meeting of Shareholders
TORONTO, July 05, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) announced today that it will reconvene its 2024 Annual Meeting of Shareholders on Fr...
5 weeks ago - GlobeNewsWire
Cronos Brand Spinach® Celebrates Summer with New Launches
TORONTO, June 27, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc.'s (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) Spinach® brand is expanding its portfolio of award-winning and best-selling cannab...
6 weeks ago - GlobeNewsWire
Cronos Group Inc. Announces Results of 2024 Annual Meeting of Shareholders
TORONTO, June 21, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) announces that at its Annual Meeting of Shareholders held yesterday, June 20, 2024 (...
7 weeks ago - GlobeNewsWire
Legal cannabis sales eat into beer revenue, survey data shows
Consumer surveys in Canada and the U.S. show that alcohol consumption is down in areas where adults have the option to consume legal cannabis, Bernstein analyst Nadine Sarwat said in a research note o...
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7 weeks ago - Market Watch
Cronos Group Announces Expansion of GrowCo to Fuel Global Growth
TORONTO, June 20, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”), an innovative global cannabinoid company, announced an expansion of Cronos Growing ...
7 weeks ago - GlobeNewsWire
June 2024: Canadian Cannabis Stocks with High Potential
The global cannabis industry and top marijuana stocks are experiencing significant growth, making it an attractive sector for investors. Currently valued at over $20 billion, the industry is projected...
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7 weeks ago - MarijuanaStocks
Tim Seymour On Running A Cannabis Fund: 'We Focus On Companies Poised For Growth'
Tim Seymour, portfolio manager of the $CNBS Amplify Seymour Cannabis ETF CNBS, is renowned forrecognizing the potential of the cannabis sector early on. In an exclusive interview with Benzinga Cannab...
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7 weeks ago - Benzinga
How the Biden administration could help these cannabis stocks grow
U.S. reclassifying marijuana would give companies a tax break and more cash to spend
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2 months ago - Market Watch
June 2024 Watchlist: Top Canadian Cannabis Stocks to Watch
As the cannabis industry continues to grow, investors are closely watching top Canadian marijuana stocks this week. The global cannabis market is projected to reach $73.6 billion by 2027, with the U.S...
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2 months ago - MarijuanaStocks
Cronos Group Inc. to Speak at Bernstein's 40th Annual Strategic Decisions Conference
TORONTO, May 29, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”), an innovative global cannabinoid company, today announced thatMike Gorenstein, Chai...
2 months ago - GlobeNewsWire
Cronos Terminates Sale-Leaseback of Peace Naturals Campus
TORONTO, May 28, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) announced today that it has terminated its agreement (the “Sale Agreement”) with Futu...
2 months ago - GlobeNewsWire
Card payments remain a ‘challenge' for legal cannabis as major banks avoid the sector. Changing classification won't help.
When Ellis Soodak was planning the launch of Verdi Cannabis dispensary in New York City, he didn't want to face the dangers his father did at the family's liquor store in the 1970s and 80s.
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How will rescheduling cannabis impact pot stocks? Dan Ahrens expects a domino effect of various federal level reforms to clarify medical and adult use legality.
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3 months ago - MarijuanaStocks
Cronos' stock rallies after revenue rises to a record, amid strength in cannabis flower sales
Shares of Cronos Group Inc. CRON CA:CRON climbed 3.1% in premarket trading, after the cannabis company reported revenue that rose to a record and beat expectations, citing strength in flower sales in ...
3 months ago - Market Watch
Cronos Group Reports 2024 First Quarter Results
Industry-leading balance sheet with $855 million in cash and cash equivalents Net revenue in Q1 2024 increased by 30% year-over-year to $25.3 million Spinach ® was top-3 in retail sales in Canada in t...
3 months ago - GlobeNewsWire
Cronos Enters United Kingdom Cannabis Market
TORONTO, May 07, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) announced today that it is expanding its medical brand, PEACE NATURALS, into the Unit...
3 months ago - GlobeNewsWire
May 2024 Watchlist: Leading Canadian Cannabis Stocks Poised for Growth
As May 2024 begins, Canadian cannabis companies are catching the eye of savvy investors. Among these, Canopy Growth Corporation and Aurora Cannabis stand out for their expansive market reach and innov...
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3 months ago - MarijuanaStocks
Cannabis stocks settle down after rally on plans to reclassify pot as less dangerous
Canopy Growth Corp. and Tilray Brands Inc. stocks made more modest moves on Wednesday after a huge rally in the previous session on plans by the Biden administration to reclassify pot as less dangerou...
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3 months ago - Market Watch