Cronos Group(CRON)

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3 Forgotten Growth Stocks to Buy Before They Shine Again
Investor Place· 2024-06-03 17:39
Core Viewpoint - Sector and stock rotation is a common phenomenon in investing, with current hot stocks likely to become forgotten in the future, suggesting a good time to sell overhyped stocks and consider quality growth stocks that have been overlooked [1] Group 1: Growth Stocks Overview - After a period of correction, certain growth stocks appear attractive from a valuation perspective, with expectations of robust revenue growth and potential for significant cash flow generation in the coming years [2] - Pinterest (PINS) has seen a 73% increase in stock price over the last 12 months, with a forward P/E of 28.6, indicating further upside potential [3] - For Q1 2024, Pinterest reported a 23% year-on-year revenue growth to $740 million and a 12% increase in monthly active users to 518 million [4] - Pinterest's global average revenue per user (ARPU) was $1.46 in Q1, with significant growth potential in emerging markets, particularly as ARPU in the U.S. and Canada was $6.05 compared to $0.86 in Europe and $0.11 in the rest of the world [5] Group 2: First Solar (FSLR) - First Solar has surged by 57% year-to-date, with a forward P/E of 20 suggesting sustained upside momentum [6] - The company reported an order backlog of 78.3 GW extending through 2030, with additional booking opportunities of 72.8 GW, indicating strong revenue growth prospects [7] - By the end of 2026, First Solar's global annual nameplate capacity is expected to reach 25 GW, enhancing production capabilities to meet increasing demand [8] Group 3: Cronos Group (CRON) - Cronos Group has strong fundamentals despite being overlooked in the cannabis sector, with potential for 20x to 30x returns if regulatory challenges diminish [9] - As of Q1 2024, Cronos reported a cash buffer of $855 million, positioning the company well for growth amid regulatory changes, particularly with Germany legalizing cannabis [10] - The company has entered new markets in Germany, Australia, and the United Kingdom, which will support growth acceleration and margin improvement through potential operating leverage [11]
Cronos Group Inc. to Speak at Bernstein's 40th Annual Strategic Decisions Conference
Newsfilter· 2024-05-29 11:30
TORONTO, May 29, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ:CRON) (TSX:CRON) ("Cronos" or the "Company"), an innovative global cannabinoid company, today announced that Mike Gorenstein, Chairman, President and CEO, will speak at Bernstein's 40th Annual Strategic Decisions Conference on Thursday, May 30, 2024, at 2:30PM ET. A live webcast will be available on the Investors section of the Company's website at https://ir.thecronosgroup.com/events-presentations. About Cronos Group Inc. Cronos is an inno ...
Cronos Group Inc. to Speak at Bernstein's 40th Annual Strategic Decisions Conference
globenewswire.com· 2024-05-29 11:30
TORONTO, May 29, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) ("Cronos" or the "Company"), an innovative global cannabinoid company, today announced that Mike Gorenstein, Chairman, President and CEO, will speak at Bernstein's 40th Annual Strategic Decisions Conference on Thursday, May 30, 2024, at 2:30PM ET. A live webcast will be available on the Investors section of the Company's website at https://ir.thecronosgroup.com/events-presentations. About Cronos Group Inc. Cronos is an in ...
Cronos Terminates Sale-Leaseback of Peace Naturals Campus
Newsfilter· 2024-05-28 20:45
Cronos is an innovative global cannabinoid company committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos is building an iconic brand portfolio. Cronos' diverse international brand portfolio includes Spinach®, PEACE NATURALS® and Lord Jones®. For more information about Cronos and its brands, please visit: thecronosgroup.com. Forward-looking Statements TORONTO, May 28, 202 ...
Cronos Terminates Sale-Leaseback of Peace Naturals Campus
globenewswire.com· 2024-05-28 20:45
TORONTO, May 28, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) ("Cronos" or the "Company") announced today that it has terminated its agreement (the "Sale Agreement") with Future Farmco Canada Inc. (the "Buyer"), for the sale and leaseback of its property located at 4491 Concession 12 Sunnidale Road, Stayner, Ontario, Canada, L0M 1S0 (the "Peace Naturals Campus"). The Buyer did not satisfy or waive its due diligence and financing condition by the May 27, 2024 deadline, as set forth i ...
3 Penny Stocks That Could Be Millionaire-Makers: May Edition
investorplace.com· 2024-05-27 10:00
Investors largely look at penny stocks to buy from a trading or speculation perspective. The idea is to sell when the stock doubles or triples. In most cases, this strategy makes sense because penny stocks largely represent companies with average or poor fundamentals. The risk factor is therefore high and penny stocks are not worth holding in the core portfolio. Having said that, there are exceptions. Several high-quality growth stocks of today were penny stocks at one point in time. In the universe of penn ...
Cronos Group(CRON) - 2024 Q1 - Earnings Call Transcript
2024-05-09 15:41
Cronos Group Inc. (NASDAQ:CRON) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Shayne Laidlaw - IR Mike Gorenstein - Chairman, President & CEO James Holm - CFO Conference Call Participants John Zamparo - CIBC Matt Bottomley - Canaccord Genuity Operator Good morning. My name is Britney Morgan, and I will be your conference operator today. I would like to welcome everyone to Cronos Group's 2024 First Quarter Earnings Conference Call. Today's call is being recorded. At this time, ...
Cronos Group(CRON) - 2024 Q1 - Quarterly Report
2024-05-09 11:32
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------|-------|------------------------------------|-----------|------------------------------------------|--------------|-------------------------------|-----------------------|-----------|------------------------------------------------------------------|-----------|---------------------------------------------------------|---------------------| | Canada | $ | Three months \n2024 \n18,871 | ended \n$ | As \n March 31 ...
Cronos Group(CRON) - 2024 Q1 - Quarterly Results
2024-05-09 11:31
Net revenue in Q1 2024 increased by 30% year-over-year to $25.3 million "Cronos achieved its highest quarterly net revenue from continuing operations on record at $25.3 million, up 30% yearover-year. The top line was propelled by 31% growth year-over-year in Canada, and 27% growth year-over-year in Israel. Cronos' strong first quarter results are a testament to our global team's commitment to excellence, innovation and their ability to adapt to changing market conditions," said Mike Gorenstein, Chairman, Pr ...
The 3 Best Meme Stocks to Buy in May 2024
InvestorPlace· 2024-05-07 18:00
The rules of investing have significantly changed over the years. That particularly holds true for investors looking for short-term gains. For a value investor, the best strategy is to buy when there is blood on the street and hold patiently.For a trader, charts provide insight into the timing of entry or exit. However, in the last few years, exposure to stocks with high short interest or exposure to the best meme stocks has done wonders. The focus of this column is on meme stocks to buy that can skyrocket ...