Edition:
India

Cronos Group Inc (CRON.TO)

CRON.TO on Toronto Stock Exchange

7.64CAD
23 Oct 2020
Change (% chg)

$-0.31 (-3.90%)
Prev Close
$7.95
Open
$7.97
Day's High
$7.99
Day's Low
$7.60
Volume
574,620
Avg. Vol
707,806
52-wk High
$12.24
52-wk Low
$5.82

Latest Key Developments (Source: Significant Developments)

Cronos Group Reports Q2 Net Loss Per Share $0.31
Thursday, 6 Aug 2020 

Aug 6 (Reuters) - Cronos Group Inc ::CRONOS GROUP REPORTS 2020 SECOND QUARTER RESULTS.CRONOS GROUP INC - NET REVENUE OF $9.9 MILLION IN Q2 2020 INCREASED BY $2.2 MILLION.CRONOS GROUP INC - DURING Q2, DETERMINED THERE HAD BEEN A MATERIAL IMPACT ON THE REVENUE GROWTH RATE IN U.S. SEGMENT DUE TO EFFECTS FROM COVID-19.CRONOS GROUP INC - RECORDED $35 MILLION OF IMPAIRMENT CHARGES ON U.S. REPORTING UNIT AND $5 MILLION OF IMPAIRMENT CHARGES ON LORD JONES BRAND..CRONOS GROUP INC - QTRLY NET LOSS PER SHARE OF $0.31.  Full Article

Cronos Group Reports 2020 First Quarter Results
Friday, 8 May 2020 

May 8 (Reuters) - Cronos Group Inc ::CRONOS GROUP REPORTS 2020 FIRST QUARTER RESULTS.CRONOS GROUP INC - QTRLY CONSOLIDATED NET REVENUE $8.43 MILLION VERSUS $3 MILLION.CRONOS GROUP INC - QTRLY EARNINGS PER SHARE $0.20.CRONOS GROUP - MANUFACTURING SITES HAVE ADJUSTED IN ORDER TO COMPLY WITH CURRENT COVID-19 GUIDELINES.CRONOS GROUP - HAS SUFFICIENT INVENTORY AND SUPPLY OF MATERIALS TO MEET CURRENT DEMAND.  Full Article

Cronos Group Says Determined Will Restate Unaudited Interim Financial Statements For Q1, Q2 & Q3 2019
Tuesday, 31 Mar 2020 

March 30 (Reuters) - Cronos Group Inc ::CRONOS GROUP REPORTS 2019 FOURTH QUARTER AND FULL-YEAR RESULTS.CRONOS GROUP INC - COMPLETED AUDIT COMMITTEE REVIEW AND RESTATED CERTAIN 2019 UNAUDITED INTERIM FINANCIAL STATEMENTS.CRONOS GROUP INC - DETERMINED WILL RESTATE UNAUDITED INTERIM FINANCIAL STATEMENTS FOR THE Q1, Q2 & Q3 2019.  Full Article

Cronos Group To Restate Certain 2019 Unaudited Interim Financial Statements
Wednesday, 18 Mar 2020 

March 17 (Reuters) - Cronos Group Inc ::CRONOS GROUP TO RESTATE CERTAIN 2019 UNAUDITED INTERIM FINANCIAL STATEMENTS.CRONOS GROUP INC - INTENDS TO FILE ANNUAL REPORT ON FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 2019 NO LATER THAN MARCH 30, 2020.CRONOS GROUP INC - TO REDUCE REVENUE FOR THREE MONTHS ENDED MARCH 31, 2019 BY C$2.5 MILLION AND THREE MONTHS ENDED SEPTEMBER 30, 2019 BY C$5.1 MILLION.CRONOS GROUP - ANTICIPATES THAT IT WILL REPORT ONE OR MORE MATERIAL WEAKNESS IN INTERNAL CONTROL OVER FINANCIAL REPORTING WHEN IT FILES ITS FORM 10-K.CRONOS GROUP - NO ASSURANCE CAN BE GIVEN THAT ANTICIPATED TIMING OF 10-K FILING WILL BE MET DUE TO IMPACT OF COVID-19 , AMONG OTHER THINGS.  Full Article

Cronos Group Posts Qtrly Earnings Per Share $0.53
Tuesday, 12 Nov 2019 

Nov 12 (Reuters) - Cronos Group Inc ::. ANNOUNCES THIRD QUARTER 2019 RESULTS.QTRLY KILOGRAMS SOLD 3,142 KILOGRAMS VERSUS 514 KILOGRAMS FOR NON-U.S. MARKETS.QTRLY EARNINGS PER SHARE $0.53.QTRLY NET REVENUE WAS $12.7 MILLION, REPRESENTING A 238% INCREASE FROM $3.8 MILLION IN Q3 2018.QTRLY NET REVENUE $12.7 MILLION VERSUS $3.8 MILLION.Q3 EARNINGS PER SHARE VIEW C$-0.04, REVENUE VIEW C$14.1 MILLION -- REFINITIV IBES DATA.  Full Article

Cronos Group Inc. QTRLY Earnings Per Share $0.22
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - Cronos Group Inc ::CRONOS GROUP INC. ANNOUNCES SECOND QUARTER AND FIRST-HALF 2019 RESULTS.CRONOS GROUP INC - NET REVENUE WAS $10.2 MILLION IN Q2 2019, REPRESENTING A 202% INCREASE.CRONOS GROUP INC - 1,584 KILOGRAMS WERE SOLD IN Q2 2019, REPRESENTING A 232% INCREASE.CRONOS GROUP INC - QTRLY EARNINGS PER SHARE $0.22.CRONOS GROUP INC - CONTINUED GROWTH IN CANNABIS OIL SALES, WHICH REPRESENTED 20% OF NET PRODUCT REVENUE IN Q2 2019.  Full Article

Cronos Group Inc - Will Acquire Redwood For Approximately $300 Million
Friday, 2 Aug 2019 

Aug 2 (Reuters) - Cronos Group Inc ::CRONOS GROUP ESTABLISHES NEW GROWTH OPPORTUNITY IN THE UNITED STATES WITH ACQUISITION OF HEMP-BASED PRODUCTS PLATFORM.CRONOS GROUP INC - CRONOS GROUP WILL ACQUIRE REDWOOD FOR APPROXIMATELY USD $300 MILLION.CRONOS GROUP - $225 MILLION OF TOTAL CONSIDERATION WILL BE PAID IN CASH WITH BALANCE PAID IN NEWLY ISSUED CRONOS GROUP COMMON SHARES..CRONOS GROUP INC - CRONOS GROUP WILL FUND CASH PORTION OF TRANSACTION WITH CASH ON HAND..  Full Article

Cronos Group Enters Agreement To Buy Fermentation & Manufacturing Facility
Thursday, 11 Jul 2019 

July 11 (Reuters) - Cronos Group Inc ::CRONOS GROUP ENTERS AGREEMENT TO ACQUIRE STATE-OF-THE-ART FERMENTATION AND MANUFACTURING FACILITY.CRONOS GROUP INC - COMPANY INTENDS TO USE EXISTING CASH ON HAND TO FUND ACQUISITION.CRONOS GROUP INC - AFI IS CURRENTLY OVERSEEING A WIND-DOWN OF FACILITY, WHICH IS EXPECTED TO CONTINUE THROUGH FALL 2019.CRONOS GROUP INC - ACQUISITION IS NOT EXPECTED TO BE MATERIAL TO CRONOS GROUP'S CASH POSITION.CRONOS GROUP - WILL BEGIN ALIGNING SPECIFICATIONS FOR EQUIPMENT AND MANUFACTURING REQUIRED FOR PRODUCTION AND DOWNSTREAM PROCESSING OF CANNABINOIDS..CRONOS GROUP - AGREEMENT TO ACQUIRE AN 84,000 SQUARE FOOT GMP COMPLIANT FERMENTATION AND MANUFACTURING FACILITY IN WINNIPEG, CANADA.  Full Article

Cronos Group And Medipharm Labs Enter Cannabis Concentrate Supply Agreement
Tuesday, 14 May 2019 

May 14 (Reuters) - Cronos Group Inc ::CRONOS GROUP AND MEDIPHARM LABS ENTER CANNABIS CONCENTRATE SUPPLY AGREEMENT.CRONOS GROUP INC - MEDIPHARM LABS WILL SUPPLY CRONOS GROUP WITH APPROXIMATELY $30 MILLION OF HIGH-QUALITY PRIVATE LABEL CANNABIS CONCENTRATE.CRONOS GROUP INC - SUPPLY CAN POTENTIALLY GO UP TO $60 MILLION OVER 24-MONTHS.CRONOS GROUP INC - CO AND MEDIPHARM LABS HAVE ENTERED INTO A MULTI-YEAR TOLLING AGREEMENT TO FULFILL CERTAIN ADDITIONAL PROCESSING NEEDS OF CO.CRONOS GROUP INC - CRONOS GROUP AND MEDIPHARM LABS HAVE ALSO ENTERED INTO A MULTI-YEAR TOLLING AGREEMENT.CRONOS GROUP INC - PEACE NATURALS WILL ALSO HAVE A RIGHT OF FIRST OFFER TO PURCHASE AN ADDITIONAL APPROXIMATELY $18 MILLION OF CANNABIS CONCENTRATE.CRONOS - DEAL INCLUDES OPTION FOR MUTUAL EXTENSION WHERE, IF EXTENDED, PEACE NATURALS WOULD ALSO PURCHASE MINIMUM OF ABOUT $6 MILLION OF CONCENTRATE.CRONOS GROUP - AGREEMENT INCLUDES OPTION FOR MUTUAL EXTENSION WHERE PEACE NATURALS WOULD ADDITIONALLY PURCHASE MINIMUM OF ABOUT $6 MILLION OVER 6 MONTHS.CRONOS GROUP INC - TOLLING AGREEMENT HAS A TWO-YEAR TERM..  Full Article

Cronos Group Inc Reports Q1 Results
Thursday, 9 May 2019 

May 9 (Reuters) - Cronos Group Inc ::CRONOS GROUP INC. ANNOUNCES FIRST QUARTER 2019 RESULTS.CRONOS GROUP INC - CRONOS GROUP CLOSES C$2.4 BILLION STRATEGIC INVESTMENT FROM ALTRIA GROUP.CRONOS GROUP INC - NET REVENUE WAS $6.5 MILLION IN Q1 2019, REPRESENTING A 120% INCREASE FROM $2.9 MILLION IN Q1 2018.CRONOS GROUP INC - 1,111 KILOGRAMS WERE SOLD IN Q1 2019, REPRESENTING A 122% INCREASE FROM 501 KILOGRAMS SOLD IN Q1 2018.CRONOS GROUP INC - QTRLY EARNINGS PER SHARE $0.48.  Full Article

BRIEF-Cronos Group Reports 2020 First Quarter Results

* CRONOS GROUP INC - QTRLY CONSOLIDATED NET REVENUE $8.43 MILLION VERSUS $3 MILLION