Cronos Group (NASDAQ: CRON) — Company Overview, News & Financial Data
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Cronos Group
Cronos Group (TSX:CRON), (NASDAQ:CRON) is a globally diversified and vertically integrated cannabis company with a presence across five continents. The company is traded on the NASDAQ under the ticker symbol CRON. Cronos Group's operations span several key segments of the cannabis industry, including production, retail, and distribution of both recreational and medicinal cannabis products. With a focus on innovation and sustainability, Cronos aims to develop and market a portfolio of branded cannabis products that cater to a wide range of consumer preferences and medical needs. The company's objectives include expanding its global footprint, investing in research and development to create new cannabis strains and product forms, and maintaining rigorous quality control to ensure safety and efficacy for consumers.
Snapshot
Operations
Products and/or services of Cronos Group
- Peace Naturals, a global wellness platform focused on providing medical patients with high-quality cannabis products.
- Cove, a brand dedicated to hand-trimming and craft-curing premium cannabis.
- Spinach, known for its high-quality recreational cannabis that aims for fun and memorable experiences.
- Lord Jones, a manufacturer of luxury CBD products, offering topicals and ingestibles for health and wellness.
- Happy Dance, a collaboration with actress Kristen Bell, offering accessible CBD skincare and wellness products.
- RedeCan, a producer of high-quality, affordable cannabis products for both medical and recreational markets.
Cronos Group executive team
- Michael Ryan GorensteinPresident, CEO & Chairman
- Anna ShlimakChief Financial Officer
- Shannon BuggySenior VP & Global Head of People
- Jeffrey David JacobsonChief Growth Officer
- Adam WagnerGeneral Manager of Cronos Israel
- Jared Matthew KenostVP, Principal Accounting Officer & Controller
- Harrison AaronSenior Director of Investor Relations & Corporate Development
- Terry Gregory-Joseph DoucetGeneral Counsel & Corporate Secretary
- Arye WeigensbergSenior VP and Head of Research & Development
Latest news about Cronos Group
Key financials
Reported results for Cronos Group, in USD.
- Market cap
- 1.3B
- Revenue (TTM)
- 179.1M
- P/E ratio
- 18.5
- EPS (diluted, TTM)
- 0.2
- Dividend yield
- —
- Profit margin
- 39.1%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 149.2M | -17.8M | -9.6M | |
| 117.6M | -76.5M | 41.1M | |
| 87.2M | -84.8M | -74M | |
| 86.7M | -111.4M | -168.7M |