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 Friday, July 19, 2024, at 11:00 a.m. ET. Forward-looking Statements The Company's proxy statement and proxy supplement describing the formal business to be conducted at the meeting and containing detailed instructions about how to participate in the meeting are available on the Investors section of the Company's we ...

Source: Poetra.RH / Shutterstock.com Cronos (CRON) Cronos (NASDAQ:CRON) is among the best names to consider in the industry. It's worth noting that amidst tight regulations, Cronos had remained conservative in terms of expansion. This has translated into a strong cash buffer of $855 million. PACS Group (PACS) The first point to note is that PACS Group has ample headroom for facility expansion in the U.S. Aggressive acquisition of new facilities is likely in the coming years, which will support revenue growt ...

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 cannabis products just in time for the summer months. Summer innovations feature new flavors and formats from Cronos' SOURZ by Spinach® edibles and a premier milled flower product. SOURZ by Spinach® Fully Blasted includes one 10 mg THC gummy per package in the following flavors: SOURZ by Spinach® Tropical Party Pack: ...

The new SOURZ by Spinach® Fully Blasted gummies offer the same great-tasting SOURZ by Spinach® flavors, now with 10 mg of THC per piece. The SOURZ by Spinach® Tropical Party Pack introduces new gummies with bolder tropical flavors, in the distinctive Spinach® "S" shape. These gummies have a perfect blend of sour and sweet and utilize Cronos' proprietary flavor-masking technology. Pink Lemonade Sweet and refreshing flavors of raspberry and lemonade Blue Raspberry Watermelon Electric blue raspberry and refres ...

Each of the directors listed as a nominee in the Company's definitive proxy statement dated April 26, 2024 was elected as a director of the Company, with each director receiving in excess of 93.4% of the votes cast in favor of his or her election. The detailed results of the vote for the election of directors are as follows: Shareholders also approved an advisory (non-binding) resolution on the compensation of the Company's named executive officers, with 96.19% of votes cast in favor of such resolution, and ...

Each of the directors listed as a nominee in the Company's definitive proxy statement dated April 26, 2024 was elected as a director of the Company, with each director receiving in excess of 93.4% of the votes cast in favor of his or her election. The detailed results of the vote for the election of directors are as follows: Shareholders also approved an advisory (non-binding) resolution on the compensation of the Company's named executive officers, with 96.19% of votes cast in favor of such resolution, and ...

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 Company ("GrowCo"). GrowCo is a leading cannabis cultivation company that Cronos owns 50% of. The investment will be funded by an additional credit facility provided by Cronos and is intended to assist GrowCo's expansion of its purpose-built cannabis facility to address the increased global market demand for hi ...

Key Highlights of the Investment: GrowCo has consistently demonstrated exceptional cultivation performance, contributing significantly to Cronos' portfolio. In 2023 Cronos purchased approximately $21 million of biomass from GrowCo, and GrowCo sold approximately $20 million to third parties. GrowCo has strong gross margins that the Company expects to be accretive on a consolidated basis and delivered positive net income and positive cash flow in 2023. This success underscores GrowCo's ability to produce prem ...

Bitfarms (BITF) On the business front, the Bitcoin miner has a robust liquidity buffer and is planning aggressive hash rate capacity expansion. Currently, Bitfarms has a capacity of 7.5EH/s and plans to increase capacity to 21EH/s by the end of the year. Recently, the miner announced a guidance of over 35EH/s by the end of 2025. Cronos (NASDAQ:CRON) stock seems best positioned to benefit from relatively a friendly regulatory stance. The company has a strong cash buffer of $855 million that's likely to be us ...

Bitcoin (BTC-USD) has been consolidating around $70,000 levels. This is a good opportunity to accumulate quality crypto stocks before the next big move. Among Bitcoin miners, Riot Platforms (NASDAQ:RIOT) looks massively undervalued at a forward P/E of 16.5. With ambitious growth plans and strong fundamentals, RIOT stock is worth considering. As of Q1 2024, Riot's balance sheet was zero-debt. The Bitcoin miner reported a cash buffer (including digital assets) of $1.3 billion. Therefore, Riot has high financi ...