Core Insights - Cronos Group Inc. achieved record levels of consolidated net revenue, gross profit, and Adjusted EBITDA in Q3 2025, with net revenue increasing by 9% quarter-over-quarter and 6% year-over-year [1][2] - The company reported record-high net revenue in Israel, where its PEACE NATURALS brand remains the number one cannabis brand [1][2] - Cronos Group maintains a strong balance sheet with $824 million in total cash and cash equivalents and short-term investments [1][3] Financial Performance - Net revenue for Q3 2025 was $36.3 million, an increase of $2.1 million from Q3 2024, primarily driven by higher cannabis flower sales in Israel and cannabis extract sales in Canada [10] - Gross profit for Q3 2025 was $18.3 million, up $14.7 million from Q3 2024, attributed to lower inventory step-up costs and higher average sales prices [10][7] - Adjusted EBITDA improved to $5.7 million in Q3 2025, an increase of $11.7 million from Q3 2024, driven by higher gross profit and lower operating expenses [10][7] Market Position - The Spinach brand ended Q3 2025 as the second most popular brand in Canada, holding a 4.5% total market share, and ranked 1 in edibles with a 19.7% market share [11][12] - PEACE NATURALS continues to be the top-performing brand in Israel, achieving record net revenue and sales volume in Q3 2025 [15][16] - International results outside of Israel were modest due to shipment timing, with expectations for second-half performance to align closely with the first half [16] Brand and Product Updates - The Spinach brand launched new products, including SOURZ by Spinach Fully Blasted gummies and limited-edition flavors, reinforcing its leadership in innovative cannabis edibles [12] - Cronos Group's expansion of Cronos GrowCo is complete, with sales from the expansion expected to fuel growth in 2026 [17] - The company introduced new strains under the PEACE NATURALS brand in Israel, reflecting its advanced genetic breeding program and cultivation capabilities [15]

Core Viewpoint - Cronos Group Inc. will hold its third quarter earnings conference call on November 6, 2025, at 8:30 a.m. ET to discuss financial results and answer questions from the investment community [1]. Company Overview - Cronos is a global cannabinoid company focused on advancing cannabis research, technology, and product development, aiming to build a disruptive intellectual property portfolio [3]. - The company is committed to enhancing the consumer experience and developing an iconic brand portfolio, which includes brands like Spinach, PEACE NATURALSand Lord Jones [3]. Conference Call Details - Participants can register for the conference call or webcast online and are encouraged to join fifteen minutes early to avoid delays [2]. - The webcast will be archived for replay on the company's website [2]. Contact Information - For investor relations, Harrison Aaron can be contacted at (416) 504-0004 or via email at investor.relations@thecronosgroup.com [5].

Financial Data and Key Metrics Changes - The company reported consolidated net revenue of $33.5 million, a 21% increase year over year, with net revenue excluding Groco at $31.2 million, representing a 13% growth year over year [15][16] - Gross profit for Q2 was $14.5 million, equating to a 43% gross margin, significantly improved from 23% in Q2 2024 [16] - Adjusted EBITDA was $1.7 million, an improvement of $12.7 million year over year, driven by revenue growth and margin enhancement [17] Business Line Data and Key Metrics Changes - The Spinach brand ranked as the number two cannabis brand in Canada with a 4.7% market share across formats and number three in the flower category with a 4.9% market share [6] - In the vape category, Spinach achieved the number four position overall with a 6.5% market share and number two in the vape cartridge category with an 8.4% share [7] - The Lord Jones brand maintained a 28.5% market share in the hash-infused pre-roll segment, remaining the category leader [10] Market Data and Key Metrics Changes - Cronos Israel posted a record quarter with a 36% year-over-year revenue growth, becoming the number one flower brand in Israel with over 20% market share [10][12] - The company expanded its international presence, with Peace Naturals now available in seven key global markets, including Canada, Israel, Germany, the UK, Australia, Switzerland, and Malta [13] Company Strategy and Development Direction - The company aims to expand cultivation capacity at Groco and improve market share in Canada while focusing on higher-margin international markets [6] - Continued investment in innovative product launches, particularly in the vape and edibles categories, is a key strategic focus [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the core business's strength and resilience, highlighting robust demand across key markets and product categories [5][21] - The company anticipates that the expansion at Groco will alleviate supply constraints and drive further growth [19] Other Important Information - The company maintains a strong balance sheet with no debt and cash equivalents and short-term investments totaling $834 million [13] - An investment of $18.5 million in High Tide through a convertible loan was made, with potential for equity conversion [19] Q&A Session Summary Question: No questions were raised during the session - The call concluded without any questions from participants [22]

Core Viewpoint - Cronos Group Inc. is set to hold its second quarter earnings conference call on August 7, 2025, at 8:30 a.m. ET, where senior management will discuss financial results and answer questions from the investment community [1]. Group 1 - The conference call will be accessible via online registration, and participants are encouraged to join fifteen minutes early to avoid delays [2]. - Cronos is described as an innovative global cannabinoid company focused on advancing cannabis research, technology, and product development [3]. - The company aims to build a diverse and iconic brand portfolio, which includes brands like Spinach, PEACE NATURALS, and Lord Jones [3].

Core Points - Cronos Group Inc. is an innovative global cannabinoid company focused on advancing cannabis research, technology, and product development [2] - The company is committed to building a diverse international brand portfolio, which includes brands like Spinach, PEACE NATURALS, and Lord Jones [2] - Mike Gorenstein, the Chairman, President, and CEO of Cronos, will speak at the TD Cowen 9th Annual Future of the Consumer Conference on June 4, 2025 [1] Company Overview - Cronos Group is dedicated to creating disruptive intellectual property in the cannabis sector [2] - The company aims to responsibly enhance the consumer experience through its brand portfolio [2] - More information about Cronos and its brands can be found on their official website [2]