I have been managing investments for over eight years in capital markets. By qualification I am a CFA Charterholder. I am strong advocate of classical value-oriented frameworks to identifying stocks with adequate margin of safety to make up for an investment proposition. People know me as a first principal thinker who likes to breakdown ideas into their core- most tangible parts while deliberately avoiding the non-significant matter into crowding the analysis. My Investment Framework usually tries to look f ...

Cronos Group (NasdaqGM:CRON) Q4 2025 Earnings call February 26, 2026 08:30 AM ET Company ParticipantsAnna Shlimak - CFOHarrison Aaron - Senior Director of Investor Relations and Corporate DevelopmentMike Gorenstein - Chairman, President, and CEORyan Neal - Equity Research AssociateConference Call ParticipantsBill Kirk - Managing Director and Senior Research AnalystKendrick Tai - Equity Research Analyst of Cannabis and Consumer GrowthPablo Zuanic - Founder, Managing Partner, and Equity Research Analyst of Ca ...

Cronos Group (NasdaqGM:CRON) Q4 2025 Earnings call February 26, 2026 08:30 AM ET Company ParticipantsAnna Shlimak - CFOHarrison Aaron - Senior Director of Investor Relations and Corporate DevelopmentMike Gorenstein - Chairman, President, and CEORyan Neal - Equity Research AssociateConference Call ParticipantsBill Kirk - Managing Director and Senior Research AnalystKendrick Tai - Equity Research Analyst of Cannabis and Consumer GrowthPablo Zuanic - Founder, Managing Partner, and Equity Research Analyst of Ca ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K __________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Registrant's telephone number, including area code: 416-504-0004 ____________________________ | Securities registered pursuant to Section 12(b) of the Act: | | | | --- | --- | --- | | Ti ...

Exhibit 99.1 Eighth consecutive quarter of record net revenue in Israel, where PEACE NATURALS continues to be the number one cannabis brand ® 1 Industry leading balance sheet with $832 million in cash and cash equivalents and short-term investments TORONTO, February 26, 2026 - Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) ("Cronos" or the "Company"), today announced its 2025 fourth quarter and full-year business results. "Cronos delivered record net revenue, gross profit and Adjusted EBITDA in 2025, reflecti ...

Core Insights - Cronos Group Inc. achieved record net revenue in Q4 2025 and FY 2025, with Q4 revenue increasing by 47% year-over-year to $44.5 million and FY revenue increasing by 25% year-over-year to $146.6 million [1][2][16] - The company reported strong performance driven by consumer demand, expansion at Cronos GrowCo, and contributions from international markets [2][3] - The company maintains a robust balance sheet with $832 million in cash and cash equivalents and short-term investments [1] Financial Performance - Q4 2025 net revenue of $44.5 million increased by $14.2 million from Q4 2024, primarily due to higher cannabis flower sales in Israel and other countries [10] - Gross profit for Q4 2025 was $16.2 million, an increase of $5.4 million from Q4 2024, driven by higher average sales prices and sales volumes [10] - For FY 2025, gross profit reached $62.8 million, up $37.6 million from FY 2024, attributed to lower inventory step-up costs and higher sales prices [16] Brand and Market Position - The Spinach brand maintained a strong position in Canada, ranking 2 overall and 4 in the flower category with a market share of 5.1% [11] - SOURZ by Spinach led the edibles category with a market share of 21.7% in Q4 2025, continuing to innovate with new product launches [12] - PEACE NATURALS consistently ranked as the top cannabis brand in Israel, achieving record sales volume and revenue throughout 2025 [15] International Expansion - The PEACE NATURALS brand expanded into new international markets, including Australia, Malta, and Switzerland, significantly increasing its global footprint [17] - International revenue outside Israel grew by 68% year-over-year in Q4 2025, reflecting strong demand and normalized shipment timing [17] Strategic Acquisition - Cronos Group entered into an agreement to acquire CanAdelaar B.V. for approximately $67 million, which will enhance its strategic footprint in Europe and leverage its borderless product strategy [22][24] - CanAdelaar operates a significant greenhouse facility and has rapidly grown its market share in the Dutch cannabis market, achieving net revenue of $47.3 million in the twelve months ended September 30, 2025 [23] Operational Updates - The company reported a net loss of $0.5 million in Q4 2025, a significant decrease from net income of $43.9 million in Q4 2024, primarily due to foreign currency transaction losses [10] - Adjusted EBITDA for FY 2025 improved by $45.1 million to $10.1 million, driven by higher adjusted gross profit and lower operating expenses [16]

Core Viewpoint - Cronos Group Inc. has launched Spinach PUFFERZ™, an all-in-one vape device that combines high-quality cannabis with liquid diamonds, aimed at modern cannabis consumers seeking functionality and design [1][2][3] Product Features - Spinach PUFFERZ™ is designed with a palm-style hardware, featuring a squishy grip, dual ceramic coil for enhanced flavor, a boost button for temperature control, and a battery meter [2] - The product will be available in three flavors: Pineapple Coconut (Indica), Sour Blue Razz (Hybrid), and Tropical AF (Sativa), each infused with liquid diamonds and delivering 98.1% THC [3][10] Market Positioning - Cronos aims to strengthen its leadership in the Canadian cannabis market through product quality, innovation, and brand loyalty [3] - The launch of Spinach PUFFERZ™ is positioned to capitalize on the growing momentum in the all-in-one vape category, with a commitment to delivering memorable products [3][4] Availability - Spinach PUFFERZ™ is currently available in Alberta, British Columbia, and Ontario, with plans for national availability by April 2026 [4] Company Overview - Cronos Group Inc. is focused on advancing cannabis research, technology, and product development, with a diverse brand portfolio that includes Spinach, PEACE NATURALS, and Lord Jones [5]

Geopolitical Developments - The "Trump Trade" has transformed into a complex scenario involving Arctic land acquisitions, Middle Eastern reconstruction, and digital currency ETFs as of February 16, 2026 [1] - Danish Prime Minister Mette Frederiksen confirmed that Donald Trump is serious about acquiring Greenland, despite the Danish government's stance that it is not for sale [2] Market Reactions - Investors in NEM and FCX are showing interest in Greenland's mineral reserves, with NEM up 0.8% and FCX up 1.4% [2] - Defense contractors LMT and NOC experienced minor dips of 0.4% and 0.2% respectively as the market assessed the implications of Arctic defense [3] - The Danish Krone increased by 0.3% against the dollar amid speculation about a potential Greenland deal [4] Infrastructure and Investment - The formation of a "Board of Peace" has led to $5 billion in pledges for Gaza reconstruction, positively impacting shares of CAT and VMC, which rose by 2.1% and 1.8% respectively [5] - The announcement of the Board of Peace has generated optimism in the VGK ETF, which tracks European stocks, as it represents a significant international investment [6] Cryptocurrency Developments - Truth Social has filed for Bitcoin, Ether, and Cronos ETF listings, causing Bitcoin to rise by 2.5% and briefly reach $72,000 [7] - DJT shares fell by 4.2% as investors recognized the challenges of ETF approval despite the positive market reaction to the filing [8] Trade Policy Changes - The House of Representatives voted to eliminate punitive tariffs on Canada, leading to a 3.1% increase in GM shares and a 2.7% increase in Ford shares [9] - The Canadian Dollar rose by 0.8% against the USD following the tariff vote, indicating a temporary easing of trade tensions [10] Market Sentiment - The DOW increased by 0.2% while the NASDAQ decreased by 0.1%, reflecting a cautious market attitude amid ongoing geopolitical and economic developments [12]

Core Insights - Generative AI is viewed as a transformative technology by Amazon's CEO Andy Jassy, indicating its potential to significantly enhance customer experiences across the company [1] - Elon Musk predicts that by 2040, humanoid robots could create a market worth $250 trillion, representing a major shift in the global economy driven by AI innovation [2][3] - Major firms like PwC and McKinsey acknowledge the multi-trillion-dollar potential of AI, suggesting a broad consensus on its economic impact [3] Company and Industry Analysis - A breakthrough in AI technology is redefining work, learning, and creativity, leading to increased interest from hedge funds and top investors [4] - There is speculation about an under-owned company that may play a crucial role in the AI revolution, with its technology posing a threat to competitors [4][6] - Prominent figures in technology and investment, including Bill Gates and Warren Buffett, recognize AI as a significant advancement with the potential for substantial social benefits [8]

Group 1: Market Reactions to Tariffs and Investments - The tech sector experienced significant volatility following the announcement of a 100% tariff on semiconductors, leading to a 4.2% drop in NVDA shares and a 3.8% decline in TSM shares as analysts adjusted their models for increased chip costs [2][3] - The NASDAQ fell by 1.1% in late-session futures as traders reacted to the President's tariff strategies, which are perceived as a "pay-to-play" ultimatum for global manufacturers [3] - Apple (AAPL) announced a $100 billion investment in U.S. tech, which initially boosted its shares by 2.3% before gains were pared back as investors considered the high cost of such a commitment [4][5] Group 2: Geopolitical Developments and Market Impacts - President Trump's "Board of Peace" secured $5 billion in pledges for Gaza reconstruction, which led to a slight increase in defense and construction stocks, although the broader market remains skeptical about the realization of these pledges [6] - The announcement of a multi-billion dollar peace fund coincided with threats against Iran and tariffs on Canada, creating a "geopolitical risk premium" that affected oil prices, with crude futures rising by 1.2% [7] - The Canadian Dollar (CAD) fell by 0.9% against the USD following the tariff threat against Canada, causing anxiety among DOW industrial components reliant on North American supply chains [11] Group 3: Emerging Trends in Digital Assets - Truth Social, the President's media platform, is filing for Bitcoin, Ether, and Cronos ETFs, indicating a strategic move into the digital asset market despite regulatory delays [9][10] - The trading volume for Truth Social (DJT) surged to 22 million shares, reflecting retail investor interest in the company's crypto ambitions [10]