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home / news releases / CRON - Cronos Earnings: Cannabis Stock With 65% Net Cash And 51% Revenue Growth

CRON - Cronos Earnings: Cannabis Stock With 65% Net Cash And 51% Revenue Growth

Cronos Group Inc.
  • After a long delay, Cronos releases both its third quarter and fourth quarter earnings results.
  • Cronos Group's revenues grew 51%, but the adjusted EBITDA loss was more than revenues.
  • Cronos is investing heavily in R&D, specifically, using synthetic biology to produce expensive cannabinoid compounds.
  • CRON stock trades at a premium to Canadian peers, but that looks justified on account of the more rapid growth rate.

For further details see:

Cronos Earnings: Cannabis Stock With 65% Net Cash And 51% Revenue Growth
Stock Information
Company Name: Cronos Group Inc.
Stock Symbol: CRON
Market: NASDAQ
Website: thecronosgroup.com
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