Cronos (CRON) overtook Tilray as the third-largest cannabis company in Canada by market capitalization this year. The company is only smaller than Canopy Growth and Aurora in Canada even after the recent downturn. However, we think investors should realize the outsized risk in Cronos due to its valuation and we believe a correction is nothing but inevitable.
(All amounts in C$)
How Did Cronos Get Here?
Cronos was one of the hottest cannabis stock on earth after it secured a US$1.8 billion investment from Altria. We analyzed the transaction in "Altria's $1.8