Cronos stock is trading higher after Cronos Group (TSX:CRON) (NASDAQ:CRON) reported lower-than-estimated third-quarter revenue.
Misses Revenue EstimationsThe situation with the cannabis industry has been quite troublesome over the course of the past months, and many of the biggest companies in the industry have reported disappointing earnings in the third quarter. The latest in that line is Cronos Group, which announced its Q3 2019 financial results on Tuesday.
The Canadian cannabis producer fell short of expectations, and in addition to that, the revenue per gram from the cannabis it sold declined due to oversupply. ...
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