Welcome to our dedicated page for Cronos Group Common Share news (Ticker: $CRON), a resource for investors and traders seeking the latest updates and insights on Cronos Group Common Share stock.
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Cronos Group Inc. reported its 2024 first quarter results, showcasing a 30% year-over-year increase in net revenue to $25.3 million. The company's Spinach® brand excelled in Canada's retail market, ranking top-3 in various categories. Additionally, the launch of PEACE NATURALS® brand in the UK marked a strategic expansion. Cronos displayed a robust financial performance with a gross profit increase of 53% and $855 million in cash and cash equivalents. The company emphasized innovation, global growth, and cost-saving initiatives to drive sustainable growth.
Cronos Group Inc. announced its expansion into the United Kingdom cannabis market by introducing its PEACE NATURALS brand through a partnership with GROW Pharma. The Company aims to provide high-quality cannabis products to patients in the UK, leveraging its R&D investments and genetics breeding program. This move marks Cronos' entry into the UK market, following successful expansions in Germany and Australia.
Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) announces the virtual 2024 Annual Meeting of Shareholders on June 20, 2024, at 11:00 a.m. ET. The meeting will be held online via live audio webcast, allowing registered shareholders and proxyholders to participate regardless of location.