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CRON

Cronos Group Inc.

https://www.thecronosgroup.com

Industry

Drug Manufacturers - Specialty & Generic

Cronos Group Inc. operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones and Happy Dance brands in the United States. The company is also involved in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products for the medical and adult-use markets. It sells cannabis and cannabis products, including dried cannabis, pre-rolls, edibles, concentrates, and cannabis extracts through wholesale and direct-to-client channels under its wellness platform, PEACE NATURALS; and operates under adult-use brands, Spinach. It also exports dried cannabis and cannabis oils to Germany, Israel, and Australia. Cronos Group Inc. was founded in 2012 and is based in Toronto, Canada.

Open

2.06

Mkt cap

765M

Volume

High

2.06

P/E Ratio

-13.33

52-wk high

3.14

Low

1.98

Div yield

N/A

52-wk low

1.85

The article lists the marijuana stocks that gained and lost on August 2, 2023. Notable gainers include Avenir Wellness Solns (OTC:CURR), Radient Technologies (OTC:RDDTF), and Panacea Life Sciences (OTC:PLSH). Significant losers include Choom Holdings (OTC:CHOOF), Hemp (OTC:HEMP), and Tetra Bio Pharma (OTC:TBPMF).

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 12:28 pm

On July 31, 2023, several marijuana stocks experienced significant price movements. Notable gainers included Hemp (OTC:HEMP), Acreage Holdings (OTC:ACRDF), and Malachite Innovations (OTC:MLCT), which saw their shares close up by 100.00%, 42.03%, and 40.95% respectively. On the other hand, Humble & Fume (OTC:HUMBF), EVIO (OTC:EVIO), and Choom Holdings (OTC:CHOOF) were among the biggest losers, with their shares closing down by 67.04%, 50.00%, and 44.44% respectively.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 9:51 pm

The U.S. Senate has approved a defense bill that includes provisions to prevent intelligence agencies from denying security clearances to applicants due to their past marijuana use. The provision was part of the National Defense Authorization Act (NDAA) and the Intelligence Authorization Act. The move is seen as a way to modernize workforce recruitment and attract qualified personnel. The White House has not commented on the cannabis language in the NDAA legislation.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 6:02 pm

On July 28, 2023, several cannabis stocks experienced significant price changes. Notable gainers include EVIO, Earth Science Tech, Target Group, Leef Brands, Canopy Gwth, and SLANG Worldwide, among others. On the other hand, Chalice Brands, GrowLife, Maple Leaf Green World, Hemp, and Malachite Innovations were among the biggest losers.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 9:30 pm

Senate Majority Leader Chuck Schumer has stated that progress is being made on the Secure and Fair Enforcement (SAFE) Banking Act, a bill that would protect banks and credit unions from federal penalties for working with state-licensed cannabis businesses. The bill has faced delays due to disagreements over certain sections, but Schumer remains confident that it will pass. The American Trade Association for Cannabis and Hemp, along with other trade groups, have urged for the bill to be passed without further delay.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 3:06 pm

The Canadian cannabis market has shown steady growth, but underperforms the U.S. market. Only three out of the 17 Canadian companies reviewed showed positive operating cash flow (OCF) in 2022, including Decibel (OTC:DBCCF), High Tide (NASDAQ:HITI) and Rubicon (OTC:ROMJF). Companies with high net debt-to-sales ratios such as Auxly (OTC:CBWTF), Canopy Growth (NASDAQ:CGC), and HEXO Corp. (NASDAQ:HEXO) could face challenges if cash flow trends don't improve.

Portfolio Pulse from Nicolás Jose Rodriguez

July 27, 2023 | 1:05 pm

Mastercard has instructed financial institutions that offer payment services to cannabis merchants and connect them to Mastercard to terminate their activities, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 5:12 pm

Zuanic & Associates' cannabis equity research report predicts four key developments in the sector for the next 18 months. The SAFE Banking bill is expected to pass in 2024, potentially leading to federal legalization of cannabis. The TSX is likely to see a wave of listings from multi-state operators, impacting Canadian MJ asset prices. Increased involvement of Consumer Packaged Goods companies in the sector is expected, with British American Tobacco, Imperial Brands, Molson Coors, Anheuser-Busch InBev, and Altria mentioned.

Portfolio Pulse from Nicolás Jose Rodriguez

July 25, 2023 | 6:22 pm

The bipartisan marijuana banking bill, the Secure and Fair Enforcement (SAFE) Banking Act, will not be addressed during the summer session as previously hoped. The delay is due to disagreements over one section of the bill concerning broader banking regulations. The bill aims to protect banks and credit unions from being penalized by federal regulators for working with state-licensed cannabis businesses.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 5:49 pm

The article lists the marijuana stocks that gained and lost on July 17, 2023. The biggest gainers were Flower One Hldgs (OTC:FLOOF), Tetra Bio Pharma (OTC:TBPMF), and Global Hemp Group (OTC:GBHPF). The biggest losers were EVIO (OTC:EVIO), Craftport Cannabis (OTC:BHHKF), and Global Compliance (OTC:FUAPF).

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 9:30 pm

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