Cronos Group Inc. (CRON)

NASDAQ: CRON · Real-Time Price · USD
2.010
-0.020 (-0.99%)
At close: Nov 20, 2024, 4:00 PM
2.037
+0.027 (1.35%)
After-hours: Nov 20, 2024, 6:32 PM EST
-0.99%
Market Cap 761.60M
Revenue (ttm) 111.23M
Net Income (ttm) -47.44M
Shares Out 382.29M
EPS (ttm) -0.12
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 678,916
Open 2.010
Previous Close 2.030
Day's Range 1.990 - 2.050
52-Week Range 1.850 - 3.140
Beta 1.01
Analysts Hold
Price Target 3.00 (+49.25%)
Earnings Date Nov 12, 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]

Sector Healthcare
Founded 2012
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 49.25% from the latest price.

Price Target
$3.0
(49.25% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Gaetz as Trump's AG seen as bullish for pot stocks, but confirmation looks unlikely

If controversial Republican Matt Gaetz manages to win confirmation as attorney general, his tenure at the Justice Department is expected to be positive for the cannabis industry.

Other symbols: ACBCGCMSOSTLRY
6 days ago - Market Watch

Cannabis stock valuations and investments hobbled by regulatory uncertainties, experts say

A reality check around regulatory challenges facing the cannabis sector has taken hold among some of the leading financiers in the industry, as optimism around the promise of a legal market has faded.

Other symbols: ACBCGCTLRY
8 days ago - Market Watch

Cronos Group Inc. (CRON) Q3 2024 Earnings Call Transcript

Cronos Group Inc. (NASDAQ:CRON) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Anna Shlimak - Chief Strategy Officer Mike Gorenstein - Chairman, President and CEO ...

8 days ago - Seeking Alpha

Cannabis stocks plunge after DeSantis, Griffin win Florida fight against weed legalization

Amendment 3 – which would have legalized the recreational use of marijuana in the state's constitution – failed to receive the 60% support needed to pass under Florida law.

Other symbols: ACBCGCMSOSTLRYYOLO
13 days ago - New York Post

Cannabis Stocks Collapse After Trump Win: Major Players See Double-Digit Declines At Wednesday's Close

Following Donald Trump's presidential election victory Tuesday, the cannabis sector took a sharp downturn.

Other symbols: ACBCGCTLRY
14 days ago - Benzinga

Cannabis stocks crater as Florida fails to garner needed votes for adult use

North Dakota and South Dakota also failed in their efforts to legalize cannabis for recreational use, while a medical measure passed in Nebraska.

Other symbols: ACBCGCMSOSTLRY
14 days ago - Market Watch

Top Canadian Cannabis Stocks to Track as U.S. Legalization Heats Up

As the election approaches, Canadian cannabis stocks are capturing attention, especially with potential U.S. legalization developments on the horizon. The U.S. cannabis industry is booming, with proje...

Other symbols: CGCTLRY
15 days ago - MarijuanaStocks

Cronos Group Inc. to Hold 2024 Third Quarter Earnings Conference Call on November 12, 2024

TORONTO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) will hold its 2024 third quarter earnings conference call on Tuesday, November 12, 2...

22 days ago - GlobeNewsWire

Spinach® Is the Number One Cannabis Brand in Canada

TORONTO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos”), an innovative global cannabinoid company, is proud to announce that its award-winning brand Spinach®...

5 weeks ago - GlobeNewsWire

These Canadian Marijuana Stocks Could Be The Winners You Need

With most marijuana stocks still showing volatile trading is now the time to buy? Well, it's not such an easy answer as some may find the volatile behavior of marijuana stocks to be in their favor. Th...

Other symbols: CGCTLRY
6 weeks ago - MarijuanaStocks

3 Marijuana Stocks To Watch On September 11th

Over the last several days some marijuana stocks have begun to pick up in momentum. There have been several attempts to show good faith in the legalization efforts for cannabis markets across the USA....

Other symbols: SNDLTLRY
2 months ago - MarijuanaStocks

3 Marijuana Stocks To Watch In The Stock Market Today

Many legal cannabis operators are working to keep pushing the boundaries of the industry. Innovation is key for any growing sector and cannabis is no different. Right now is a pivotal time for the can...

Other symbols: ACBOGI
2 months ago - MarijuanaStocks

Trump's Marijuana Support Could Ignite Stock Surge – Are You Positioned To Benefit?

The cannabis market is abuzz following former President Donald Trump's recent comments supporting cannabis legalization in Florida.

Other symbols: ACBCGCTLRY
2 months ago - Benzinga

Cannabis stocks rally as analyst hails pot as an ‘increasingly bipartisan' issue

Alliance Global Partners Aaron Grey sees Donald Trump's weekend statement on cannabis as a step forward.

Other symbols: ACBCGCTLRY
2 months ago - Market Watch

Top Canadian Marijuana Stocks To Watch In 2024

When it comes to finding top marijuana stocks to buy which companies would you choose? Now when going through this process there are some things to consider. For the most part, investing in all things...

Other symbols: ACBOGI
2 months ago - MarijuanaStocks

Buy Cronos Stock Before It Surges Higher

Initiating coverage on Cronos stock with a "Strong Buy" rating. Cannabis industry tailwinds, conservative growth approach, and geographic expansion support Cronos' growth acceleration and EBITDA margi...

3 months ago - Seeking Alpha

3 Of Today's Top Canadian Marijuana Stock Picks For Investors

What's next for marijuana stock investors as the sector's recent rise in trading has people talking. Recently there has been an increase in trading that allowed some investors to take profits. Yet in ...

Other symbols: CGCTLRY
3 months ago - MarijuanaStocks

Cronos Group Inc. (CRON) Q2 2024 Earnings Call Transcript

Cronos Group Inc. (NASDAQ:CRON) Q2 2024 Results Conference Call August 8, 2024 8:30 AM ET Company Participants Shayne Laidlaw - IR Mike Gorenstein - Chairman, President and CEO James Holm - CFO Confe...

3 months ago - Seeking Alpha

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...

3 months 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.

3 months ago - Market Watch

3 Marijuana Stocks For Investors To Trade Today

Marijuana stock investors are prepping for future trading. Many who are invested in cannabis are focused on the long term. With how volatile the sector can be there have been some moments to take prof...

Other symbols: CGCTLRY
4 months 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...

4 months 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...

4 months ago - GlobeNewsWire

The Best Marijuana Stocks This Week

Marijuana stock investors are keeping watch for the next wave of momentum. With all that has taken place over the last several months, there is still a positive outlook for the future. People are star...

Other symbols: ACBSNDL
4 months 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...

4 months ago - GlobeNewsWire