Cronos Group Inc. (CRON)
| Market Cap | 1.11B |
| Revenue (ttm) | 93.03M |
| Net Income (ttm) | -57.04M |
| Shares Out | 382.01M |
| EPS (ttm) | -0.14 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 4,292,543 |
| Open | 3.080 |
| Previous Close | 3.020 |
| Day's Range | 2.890 - 3.120 |
| 52-Week Range | 1.640 - 3.140 |
| Beta | 1.08 |
| Analysts | Hold |
| Price Target | 3.00 (+3.45%) |
| Earnings Date | May 9, 2024 |
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]
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 StatementsAnalyst 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 3.45% from the latest price.
News
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.
Pot Stocks Going Higher In 2024?
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.
This Is How Marijuana Stocks Will Be Impacted By Reform In 2024
As the cannabis industry continues its growth in 2024, a confluence of regulatory, demographic, and market trends is shaping the sector. This has presented a fertile ground for savvy investors. Here's...
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 ...
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...
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...
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...
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...
U.S. poised to ease restrictions on marijuana in historic shift, though it'll remain controlled substance
WASHINGTON — The U.S. Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, the Associated Press has learned, a historic shift to generations of American drug pol...
US plans to reclassify cannabis as less dangerous drug
The US is planning to reclassify cannabis as a less dangerous drug in an historic shift that could have a significant impact across the country.
Pot Stocks Rally as DEA Moves to Reclassify Marijuana as Less Dangerous Drug
Pot stocks rally as the DEA moves to reclassify marijuana as a less dangerous drug. Renita Young discusses this as the DEA's proposal needs to be reviewed by the White House Office of Management and B...
Pot stocks jump as U.S. DOJ moves to reclassify cannabis as a less dangerous drug
Shares of cannabis companies surged on Tuesday afternoon after the U.S. Department of Justice (DoJ) moved to reclassify marijuana as a less dangerous drug.
US drug enforcers to ease restrictions on cannabis, AP reports
The U.S. Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, the Associated Press reported on Tuesday, citing five people familiar with the matter.
Cannabis stocks rally as AP reports imminent rescheduling proposal by DEA
Cannabis stocks were up sharply on Tuesday on a report by the Associated Press that the U.S. Drug Enforcement Administration is poised to propose the lowering of cannabis to a Schedule III controlled ...
Cronos Group Inc. to Hold Virtual 2024 Annual Meeting of Shareholders
TORONTO, April 26, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) will hold its 2024 Annual Meeting of Shareholders on Thursday, June 20, 2024, at 11...
Cronos Group Inc. to Hold 2024 First Quarter Earnings Conference Call on May 9, 2024
TORONTO, April 25, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) will hold its 2024 first quarter earnings conference call on Thursday, May 9, 2024 ...
Top Canadian Marijuana Stocks To Invest In For Big Gains
The cannabis industry has rapidly become a significant sector within the stock market, attracting a diverse array of investors. Yet marijuana stocks are notorious for their volatility, influenced heav...
Fresh Retail Software Industry Leader Invafresh Announces Appointment of Andrew Cron, PhD as Chief Data Officer
TORONTO--(BUSINESS WIRE)-- #ai--Invafresh, the industry leading fresh grocery platform, today announced Andrew Cron, PhD has joined the company as Chief Data Officer. Andrew is an accomplished executi...
Weed Stocks Are in the Green Again
From last summer's low, the Pure US Cannabis ETF has doubled, to a recent $10.25.
Here's why Tilray, SNDL, Cronos, and Aurora Cannabis are flying
Cannabis stocks are getting supercharged this year, with most of them beating the blue-chip indices like the S&P 500, Nasdaq 100, and the Dow Jones. Tilray Brands (TLRY) stock price soared by over 18%...
The Big Problem for Marijuana Companies? What to Do With All That Cash
Few banks will work with cannabis upstarts—but some lawmakers hope to change that this year.
Top Picks: Canadian Cannabis Giants Set to Flourish in Q2 2024
As we continue Q2 2024, Canadian cannabis stocks are catching investors' eyes. This interest isn't just a trend. It's backed by solid growth in the global cannabis industry. Recent stats show remarkab...
Cronos Launches Lord Jones® Chocolate Fusions
TORONTO, March 25, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”), an innovative global cannabinoid company, announced today the launch of Lord Jones...
The Marijuana Stocks Could See A Rise This Week
People who have been investing in marijuana stocks could soon a big change. Now this change is more from an industry standpoint which can in turn help how marijuana stocks trade. As most publicly trad...
Cannabis stocks fall but hold onto big gains from the week on brighter federal reform prospects
Cannabis stocks cooled off Thursday but held onto big gains from the past week on the heels of positive comments from the Biden administration on reclassifying cannabis from a Schedule I controlled su...