Cronos Group Inc. (CRON)

NASDAQ: CRON · IEX Real-Time Price · USD
2.300
+0.060 (2.68%)
At close: Feb 27, 2024, 4:00 PM
2.290
-0.010 (-0.43%)
After-hours: Feb 27, 2024, 7:34 PM EST
2.68%
Market Cap 860.49M
Revenue (ttm) 86.86M
Net Income (ttm) -108.06M
Shares Out 381.11M
EPS (ttm) -0.28
PE Ratio n/a
Forward PE 56.37
Dividend n/a
Ex-Dividend Date n/a
Volume 2,089,749
Open 2.260
Previous Close 2.240
Day's Range 2.240 - 2.310
52-Week Range 1.640 - 2.640
Beta 1.06
Analysts Sell
Price Target 2.50 (+8.7%)
Earnings Date Feb 29, 2024

About CRON

Cronos Group Inc. operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones brand in the United States. The company is also involved in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products for the medical and adult-use markets. It sells cannabis and cannabis products, including dried cannabis, pre-rolls, edibles, concentrates, and cannabis extracts through wholesale ... [Read more]

Sector Healthcare
CEO Michael Ryan Gorenstein J.D.
Employees 447
Stock Exchange NASDAQ
Ticker Symbol CRON
Full Company Profile

Financial Performance

In 2022, Cronos Group's revenue was $91.90 million, an increase of 23.47% compared to the previous year's $74.44 million. Losses were -$168.73 million, -57.40% less than in 2021.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for CRON stock is "Sell." The 12-month stock price forecast is $2.5, which is an increase of 8.70% from the latest price.

Price Target
$2.5
(8.70% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Investor Alert: Top Canadian Cannabis Picks for March 2024

This week, the spotlight shines on Canadian cannabis stocks, marking an intriguing phase for investors and market watchers. Companies like Canopy Growth, Aurora Cannabis, and Tilray have become househ...

Other symbols: CGCVFF
5 days ago - MarijuanaStocks

What we know about the Lockbit cyber crime gang and its infamous hacks after Operation Cronos takeover

An infamous cyber crime gang has been disrupted by the National Crime Agency (NCA) and a coalition of international police agencies.

7 days ago - Skynews

Cronos Group Inc. to Hold 2023 Fourth Quarter and Full-Year Earnings Conference Call on February 29, 2024

TORONTO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) will hold its 2023 fourth quarter and full-year earnings conference call on Thursday...

13 days ago - GlobeNewsWire

Cannabis Market Movers: Canada's Top Picks for Mid-February 2024

The Canadian cannabis sector remains a hotbed of activity, drawing attention from investors globally. With legalization trends expanding, Canadian marijuana stocks are at the forefront. This week, sev...

Other symbols: CGCSNDL
14 days ago - MarijuanaStocks

Top Canadian Cannabis Stocks to Watch Before February 2024

The Canadian cannabis industry and top marijuana stocks witnessing a dynamic shift. This week, top Canadian cannabis stocks are in the spotlight. The market's interest is heightened due to evolving re...

Other symbols: SNDLTLRY
4 weeks ago - MarijuanaStocks

Cronos' Spinach® Brand Ends 2023 as the Number One Flower Brand in Canada1

TORONTO, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”), an innovative global cannabinoid company, today announced that its brand, Spinach®,...

4 weeks ago - GlobeNewsWire

This Is Why Marijuana Stocks Recover From New Cannabis Laws

With almost the first month of 2024 gone legal cannabis is put on the front lines once again. Over the next several months we will see more states try to not only pass legalization measures but improv...

Other symbols: CGCSMG
4 weeks ago - MarijuanaStocks

Cultivating Wealth: 2024's Top Cannabis ETFs for Long Term Investors

Cannabis ETFs are garnering attention in 2024 as the industry shows promising growth. Key players like MJ, MSOS, and CNBS dominate this sector. These ETFs offer diversified exposure to cannabis-relate...

Other symbols: ACBCGCTLRY
5 weeks ago - MarijuanaStocks

Navigating Canadian Cannabis: Top Stocks for Q1 2024

As we delve into Q1 2024, the Canadian cannabis market and its top marijuana stocks continue to captivate investors' attention. This sector, a trailblazer due to Canada's early legalization, is buzzin...

Other symbols: ACB
5 weeks ago - MarijuanaStocks

Canadian Cannabis Stocks to Keep an Eye On in Early 2024

This week, investors are turning their eyes to marijuana stocks and the Canadian cannabis sector, a rapidly growing area in the global market. As the industry evolves, Canadian stocks are emerging as ...

Other symbols: HITISNDL
6 weeks ago - MarijuanaStocks

Cannabis stocks: What investors need to know about regulation in the U.S. market

On the backdrop of cannabis company Tilray (TLRY) — which is traded on the Nasdaq (^IXIC) but operates primarily in Canada — reporting record revenues in its fiscal second quarter of 2024, what are th...

Other symbols: ACBCGCTLRY
6 weeks ago - Yahoo Finance

Cronos Enters Australian Cannabis Market

TORONTO, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) announced today that it is expanding distribution into the Australian market with it...

7 weeks ago - GlobeNewsWire

Cannabis stocks mark second day of gains as DEA confirms its review of marijuana's Schedule I classification

Cannabis stocks are notching their second day of gains after the Drug Enforcement Administration confirmed it's reviewing an August recommendation from the U.S. Department of Health and Human Services...

Other symbols: ACBCGCTLRY
7 weeks ago - Market Watch

Cannabis Investors Are Focused On Top Canadian Marijuana Stocks

Marijuana stock investors have been through a lot of obstacles these last few years. In 2022 the sector was just coming out of the pandemic and 2023 has been about rebuilding the sector. Still even wi...

Other symbols: TLRYVFF
2 months ago - MarijuanaStocks

Premium Cannabis Brand Lord Jones® Launches Live Resin Vapes

TORONTO, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) is proud to announce the launch of its highly anticipated Lord Jones® Live Resin Vap...

2 months ago - GlobeNewsWire

2024 Watchlist: Top Canadian Cannabis Stocks on the Rise

The Canadian cannabis industry and top Canadian marijuana stocks are poised for significant growth as we approach 2024. With Canada being one of the first major economies to legalize cannabis for both...

Other symbols: TLRYVFF
2 months ago - MarijuanaStocks

Canadian cannabis company Cronos Group sells Peace Naturals campus for about $17M

Cronos Group Inc. CA:CRON CRON said Monday it agreed to sell its 90-acre Peace Naturals cannabis campus in Stayner, Ontario, for C$23 million ($16.87 million) as part of a sale leaseback transaction w...

3 months ago - Market Watch

Cronos Group Inc. enters into agreement for the sale-leaseback of its Stayner, Ontario facility

TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) today announced that its wholly owned subsidiary entered into an agreement (the “Sal...

3 months ago - GlobeNewsWire

Thanksgiving Week Watchlist: Top Canadian Cannabis Stocks

The Canadian cannabis industry is a global powerhouse, with top marijuana stocks attracting global investors. Canada's progressive cannabis legalization has created a thriving market for short-term an...

Other symbols: TLRYVFF
3 months ago - MarijuanaStocks

Marijuana Stocks For Weekly Watch List 2023

Marijuana stocks could see better trading come this new year. The reason for this is due to a couple of variables. For one it is a new year and often times the excitement can lead to positive speculat...

Other symbols: SNDLTLRY
3 months ago - MarijuanaStocks

Cronos Group Reports 2023 Third Quarter Results

Industry-leading balance sheet with $840 million in cash and short-term investments Net revenue in Q3 2023 increased by 22% year-over-year to $24.8 million ; on a constant currency basis, net revenue ...

3 months ago - GlobeNewsWire

November's Top Canadian Cannabis Stocks: A Closer Look

The Canadian marijuana market and top marijuana stocks are still filled with investment opportunities as November 2023 draws in both seasoned traders and novices. The industry's unrelenting expansion ...

Other symbols: SNDLTLRY
4 months ago - MarijuanaStocks

Lord Jones®, an Award-Winning Premium Cannabis Brand, Launches with Ice Water Hash Fusions Pre-Rolls in Canada

TORONTO, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) announced today that it has launched its award-winning cannabis brand Lord Jones® in...

4 months ago - GlobeNewsWire

Cannabis Investing 2024: Top Marijuana Stocks For You

Cannabis companies are preparing to release their 2023 third-quarter earnings. If companies can show positive results we may see one final rebound before the start of 2024. In the past when people saw...

Other symbols: ACBCGC
4 months ago - MarijuanaStocks

Cronos Unveils its New THCV Products: Spinach FEELZ™ Full Tilt

TORONTO, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos”), an innovative global cannabinoid company, announced the launch of two new THCV-infused products; Spi...

4 months ago - GlobeNewsWire