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CRON - Why Cronos Group Shares Rose Despite Worse-Than-Expected Q1 Results
Cronos Group Inc.
Cronos Group (NASDAQ: CRON) bolted out of the gate this year, with its shares quickly skyrocketing more than 120% by early February. Most of those gains have evaporated over the last three months, though.
Investors hoping for a catalyst now have at least a small one. Cronos announced its first-quarter results before the market opened on Friday. The Canadian marijuana stock rose more than 4% in early trading. Here are the highlights from Cronos' first-quarter update.