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Cronos Group Inc - Appointed Kurt Schmidt President And CEO
Cronos Group Reports Q2 Net Loss Per Share $0.31
Cronos Group Inc is a cannabinoid company. The Company is focused on cannabis research, technology and product development. The Company’s portfolio includes PEACE NATURALS, COVE, Spinach, Lord Jones and PEACE+. PEACE NATURALS a global wellness platform. The COVE and Spinach are adult-use brands. The Lord Jones and PEACE+ are hemp-derived cannabidiol (CBD) brands. The Company’s segments include United States and Rest of World. The United States segment consists of the manufacture and distribution of hemp-derived CBD infused products. The Rest of World operating segment is involved in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products for the medical and adult-use markets. The Company’s subsidiaries include Cronos Israel G.S. Cultivations Ltd, Cronos Israel G.S. Manufacturing Ltd, Cronos Israel G.S. Store Ltd and Cronos Israel G.S. Pharmacies Ltd.
Biotechnology & Drugs
Suite 300, 111 Peter Street
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* CRONOS GROUP INC - QTRLY CONSOLIDATED NET REVENUE $8.43 MILLION VERSUS $3 MILLION
Altria Group Inc <MO.N> said on Friday Chief Executive Officer Howard Willard has stepped down, ending a near two-year tumultuous term at the helm marked by heightened scrutiny of the tobacco giant's bet on e-cigarette maker Juul.
* CRONOS GROUP REPORTS 2019 FOURTH QUARTER AND FULL-YEAR RESULTS
* CRONOS GROUP - IN ACCORDANCE WITH INVESTOR RIGHTS AGREEMENT AND ALTRIA'S SUBMISSION, BOARD ELECTED HEATHER NEWMAN AS A DIRECTOR Source text: (https://bit.ly/39ZeNnv) Further company coverage:
* CRONOS GROUP TO RESTATE CERTAIN 2019 UNAUDITED INTERIM FINANCIAL STATEMENTS
* CRONOS GROUP TO DELAY 2019 Q4 AND FULL-YEAR EARNINGS RELEASE AND CONFERENCE CALL
Cronos Group Inc <CRON.TO> <CRON.N> and Tilray Inc <TLRY.O> both reported selling prices that nearly halved, while expenses for both the Canadian pot producers soared in the third quarter.
Cronos Group Inc reported a bigger quarterly loss on Tuesday, as the Canadian marijuana producer was weighed down by lower margins and surge in expenses.
Canada's Cronos Group <CRON.TO> shares reversed course to trade down after the pot company forecast a wider second-half loss compared to the first, even as sales soar, as it spends on developing new products and expanding abroad.
Canadian marijuana company Cronos Group reported a wider quarterly core loss on Thursday, as it struggled with rising costs.
Marlboro cigarette maker Altria Group Inc announced a $1.8 billion investment in Cronos Group Inc on Friday, which could give it up to 55-percent ownership of the Canadian cannabis producer.
Canada's Cronos Group Inc said on Friday Marlboro cigarette maker Altria Group Inc will invest $1.8 billion in the cannabis producer, giving it a 45 percent stake in the company.
Marlboro cigarette maker Altria Group Inc <MO.N> is in discussions with Canadian cannabis producer Cronos Group Inc <CRON.TO> about making a possible investment, Cronos said on Monday.
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