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, February 29, 2024 at 8:30 a.m. ET. Cronos’ senior management team will discuss the Company’s financial results and will be available for questions from the investment community after prepared remarks. To attend the conference call or webcast, participants should register online at https://ir.thecronosgroup.co ...

Helder Faria/Moment via Getty Images Cronos Group (NASDAQ:CRON) is flush with cash just as market enthusiasm builds around a potential decision by the Drug Enforcement Administration to move cannabis to a significantly less restrictive schedule, a move that would likely catalyze a broad market rally. The roughly $800 million market cap firm held cash, cash equivalents, and short-term investments of $840 million at the end of its fiscal 2023 third quarter. This is just over 100% of its market cap and is ...

Newly released documents indicate that the U.S. Food and Drug Administration (FDA) has “determined that cannabis has a legitimate medical use and that it should be moved from Schedule I to Schedule III on the controlled substances list.” With Presidential elections round the corner, there are hopes for federal level legalization of cannabis. Clearly, it’s a good time to buy some of the best cannabis stocks for an impending bull market.Besides these industry factors, cannabis companies have worked towards co ...

2024 Investing Guide: Best Canadian Cannabis Stocks to ConsiderThe 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 regulations and growing global demand. Canadian players are uniquely positioned. They leverage advanced cultivation techniques and expansive distribution networks. These strengths give them a competitive edge in the global cannabis market. The industr ...

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®, closed 2023 as the number one ranked flower brand in Canada with a 6.9%1 market share in the fourth quarter. Spinach® flower products have resonated strongly with consumers, leading to a significant increase in its ranking from the fourth2 best-selling flower brand in 2022, to become the best-selling flower bran ...

Cronos Group Inc. (NASDAQ:CRON) Q3 2023 Earnings Call Transcript November 8, 2023 8:30 AM ET Company Participants Shayne Laidlaw - IR Mike Gorenstein - Chairman, President & CEO James Holm - CFO Conference Call Participants John Zamparo - CIBC Vivien Azer - TD Cowen Operator Good morning. My name is Valerie and I'll be your conference operator today. I would like to welcome everyone to Cronos’ 2023 Third Quarter Earnings Conference Call. Today's call is being recorded. At this time, I'd like to turn the cal ...

Global Supply Chain ® ® ® In September 2023, Cronos successfully completed its first shipment of cannabis to Germany through a strategic partnership with Cansativa GmbH, a leading German cannabis company. We believe that re-establishing Cronos and its PEACE NATURALS brand in the German market will position us to capitalize on this growing market, with additional growth potential from future legislative changes. ® In the coming weeks, we plan to ship cannabis to Vitura Health Limited for sale in the Australi ...

Cronos Group, Inc. (NASDAQ:CRON) Q2 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Shayne Laidlaw - Director, IR & Strategy Michael Gorenstein - President, CEO & Chairman James Holm - CFO Conference Call Participants Vivien Azer - TD Cowen Operator Good morning. My name is Victor, and I'll be your conference operator today. I would like to welcome everyone to Cronos' 2023 Second Quarter Earnings Conference Call. Today's call is being recorded. At this time, I would like to turn ...

For the three months ended June 30, 2023, gross profit on a constant currency basis was $3.3 million, representing a 23% decrease from the three months ended June 30, 2022. For the six months ended June 30, 2023, gross profit on a constant currency basis was $6.5 million, representing a 41% decrease from the six months ended June 30, 2022. On a constant currency basis, gross profit decreased for the three and six months ended June 30, 2023 primarily due to lower cannabis flower sales in the Israeli medical ...

Cronos Group, Inc. (NASDAQ:CRON) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Shayne Laidlaw - IR Mike Gorenstein - Chairman, President and CEO James Holm - CFO Conference Call Participants John Zamparo - CIBC Capital Markets Andrew Carter - Stifel Michael Freeman - Raymond James Nadine Sarwat - AllianceBernstein Matt Bottomley - Canaccord Genuity Victor Ma - TD Cowen Operator Good morning. My name is Tania, and I will be your conference operator today. I would like to welcom ...