Cronos Group Inc. (CRON)

NASDAQ: CRON · IEX Real-Time Price · USD
2.420
0.00 (0.00%)
At close: Jul 26, 2024, 4:00 PM
2.450
+0.030 (1.24%)
After-hours: Jul 26, 2024, 7:27 PM EDT
0.00%
Market Cap 924.47M
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 401,182
Open 2.430
Previous Close 2.420
Day's Range 2.404 - 2.450
52-Week Range 1.640 - 3.140
Beta 1.01
Analysts Hold
Price Target 3.00 (+23.97%)
Earnings Date Aug 8, 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
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 23.97% from the latest price.

Price Target
$3.0
(23.97% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

1 day 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 days 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
18 days 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...

21 days 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...

4 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 (...

5 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...

5 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 ...

5 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...

Other symbols: CGCTLRY
5 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 for recognizing the potential of the cannabis sector early on. In an exclusive interview with Benzinga Cannab...

Other symbols: ACBCGCTLRY
5 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

Other symbols: ACBCGCTLRY
7 weeks 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...

Other symbols: CGCTLRY
7 weeks 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 that Mike 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.

Other symbols: MAPYPLVACBCGCTLRY
2 months ago - Market Watch

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.

Other symbols: ACBCGCTLRY
2 months ago - Schwab Network

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...

Other symbols: CRLBFGNLNACBCGCTLRY
2 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 ...

2 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...

2 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...

2 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...

Other symbols: HITIVFF
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...

Other symbols: ACBCGCTLRY
3 months ago - Market Watch

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...

Other symbols: ACBCGCMSOSTLRY
3 months ago - Market Watch

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.

Other symbols: ACBCGCMSOSTLRY
3 months ago - Skynews

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...

3 months ago - Schwab Network