Cronos Group Inc. (NASDAQ:CRON) Q4 2023 Earnings Conference Call February 29, 2024 8:30 AM ET Company Participants Shayne Laidlaw - Investor Relations Mike Gorenstein - Chairman, President & Chief Executive Officer James Holm - Chief Financial Officer Conference Call Participants John Zamparo - CIBC Bill Kirk - ROTH MKM Yewon Kang - Canaccord Genuity Operator Good morning. My name is Josh and I will be your conference operator today. I would like to welcome everyone to Cronos 2023 Fourth Quarter and Full Ye ...

Ended 2023 with approximately $862 million in cash and short-term investments Commenced sales to Australian partner Launched award-winning Lord Jones® brand in Canada Consolidated net revenue increased 9% in Q4 2023 compared to Q4 2022; on a constant currency basis consolidated net revenue increased 11% in Q4 2023 compared to Q4 2022 Net revenue in Canada increased 20% in Q4 2023 compared to Q4 2022; on a constant currency basis net revenue in Canada increased 21% in Q4 2023 compared to Q4 2022 TORONTO, Feb ...

Adjusted EBITDA is reconciled to net loss as follows: To supplement the consolidated financial statements presented in accordance with U.S. GAAP, we have presented constant currency adjusted financial measures for net revenues, gross profit, gross profit margin, operating expenses, net income (loss) and Adjusted EBITDA for 2023, as well as cash and cash equivalents and short-term investment balances as of December 31, 2023 compared to December 31, 2022, which are considered non-GAAP financial measures. We p ...

Support for the legalization of cannabis is at an all-time high. In fact, according to a recent Gallup poll, about 70% of all Americans support legalization. Plus, a 2022 Pew Research poll found that only 10% of Americans believe it shouldn’t be legal at all. All of which is a strong catalyst for cannabis penny stocks. Helping, multiple states have legalized its use, with more likely to follow suit. Plus, there’s overwhelming Congressional support for rescheduling. “The case for removing marijuana from Sche ...

An infamous cyber crime gang has been disrupted by the National Crime Agency (NCA) and a coalition of international police agencies. Lockbit and its affiliates have hacked some of the world's largest organisations in recent months, but as of Monday their extortion website displays a message saying it is "under the control of the National Crime Agency of the UK".Five Russian nationals have been charged.But what is Lockbit, what are its criminal tactics and who has fallen victim to it? Here's what we know...W ...

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 ...