Industry Overview - The marijuana sector has experienced a resurgence in the last 3-6 months, moving from low prices to an upward trend, following a prolonged period of stagnation [1] - The cannabis industry is seeing progress, particularly in Canada, but faces challenges related to market conditions and U.S. reform efforts [2] Company Highlights - **Cronos Group Inc.** reported a 21% year-over-year increase in net revenue for Q2 2025, with a strong international presence and a leading brand in Israel [6] - **Aurora Cannabis Inc.** is expanding globally, recently launching the Whistler Cannabis Co. brand in Australia, emphasizing its commitment to global growth [8][9] - **SNDL Inc.** reported Q2 2025 earnings with net revenue of $244.8 million, reflecting a growth rate of 7.3%, and a gross profit of $67.6 million, representing a 16.2% increase [10] Financial Performance - Cronos Group has an industry-leading balance sheet with $834 million in total cash and cash equivalents and short-term investments [6] - SNDL's gross margin for Q2 2025 was 27.6%, consistent with the record achieved in the previous quarter, and the company reported positive operating income of $5.0 million [11]