Cronos Group Plans Streamlined Operating Structure; Plans To Exit Existing U.S. Hemp-Derived CBD Operations
Portfolio Pulse from Benzinga Newsdesk
Cronos Group plans to streamline its operating structure by exiting its U.S. hemp-derived CBD operations by the end of Q2 2023. The decision aims to improve cash flow and position the company to enter the U.S. THC market when regulatory conditions change.

May 31, 2023 | 8:51 pm
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Cronos Group's decision to exit U.S. hemp-derived CBD operations by Q2 2023 may improve cash flow and position the company for future entry into the U.S. THC market.
Cronos Group's decision to exit its U.S. hemp-derived CBD operations is aimed at improving cash flow and positioning the company for entry into the U.S. THC market when regulatory conditions change. While this move may have a positive impact on the company's financial position in the long term, the short-term impact on the stock price is uncertain, as it depends on market perception and the timeline for regulatory changes.
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