Cronos Group
OverviewSuggest Edit
The Cronos Group (formerly known as PharmaCan Capital) is a company that distributes medical cannabis products. It engages in cannabis research, technology, and product development. The company offers brands such as PEACE NATURALS, a global wellness platform, adult-use brands COVE and Spinach, and hemp-derived CBD brands Lord Jones, Happy Dance, and PEACE+.
| Type | Public | |
| Founded | 2013 | |
| HQ | Toronto, CA | Map |
| Website | thecronosgroup.com | |
| Employee Ratings | More |
Key People/Management at Cronos Group
Kurt Schmidt
President and Chief Executive Officer
Bob Madore
Chief Financial Officer
Xiuming Shum
Executive Vice President of Legal and Regulatory Affairs
Anna Shlimak
Senior Vice President of Corporate Affairs
Shannon Buggy
Senior Vice President,
Global Head of People
Jeff Jacobson
General Manager of Canada and Europe
Cronos Group Office Locations
Cronos Group has offices in Toronto, Melbourne and Gan Shmuel
Toronto, CA (HQ)
111 Peter St
Melbourne, AU
PO Box 24286
Gan Shmuel, IL
POB 578
Cronos Group Financials and Metrics
Cronos Group Revenue
| USD | |
|---|---|
Market capitalization (10-May-2022) | 1.2b |
Closing stock price (10-May-2022) | 3.2 |
Cash (31-Dec-2021) | 887.0m |
EV | 305.2m |
Cronos Group's current market capitalization is $1.2 b.
Annual
| CAD | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Cash | 32.6m | 1.2b | 1.1b | 887.0m |
Accounts Receivable | 4.2m | 4.6m | 8.9m | 22.1m |
Prepaid Expenses | 3.9m | 9.4m | 11.2m | 9.0m |
Inventories | 11.6m | 38.0m | 44.0m | 32.8m |
Quarterly
| CAD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 2.4b | 1.6b | 1.5b | 1.1b | 1.1b | 1.1b | 1.0b | 895.2m | 842.6m |
Accounts Receivable | 5.6m | 12.0m | 12.7m | 3.4m | 3.5m | 6.1m | 7.0m | 11.3m | 14.7m |
Prepaid Expenses | 5.1m | 7.1m | 11.7m | 11.1m | 7.8m | 10.5m | 15.1m | 10.2m | 10.2m |
Inventories | 25.2m | 41.7m | 52.9m | 43.1m | 53.2m | 56.4m | 46.4m | 35.6m | 31.8m |
Annual
| CAD | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Net Income | (19.2m) | 1.2b | (75.3m) | (397.2m) |
Depreciation and Amortization | 2.5m | 3.9m | 7.0m | 15.4m |
Inventories | (11.5m) | (51.9m) | (28.1m) | 11.6m |
Accounts Payable | 7.5m | 13.3m | 4.2m | (2.4m) |
Quarterly
| CAD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 427.7m | 678.7m | 1.9b | 75.7m | (32.0m) | 36.4m | (161.6m) | (104.8m) | (263.3m) |
Depreciation and Amortization | 470.0k | 1.1m | 2.5m | 1.2m | 2.9m | 5.1m | 1.9m | 5.1m | 8.9m |
Inventories | (17.2m) | (37.2m) | (80.1m) | (11.3m) | (23.9m) | (18.3m) | (1.0m) | (1.0m) | 14.3m |
Accounts Payable | 29.6m | 15.4m | 72.2m | (1.0m) | (7.0m) | 3.7m | (12.7m) | (13.4m) | (11.1m) |
Cronos Group Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Lord Jones | August 02, 2019 | $300 m |
| Cronos Israel G.S. Cultivations Ltd | ||
| Cronos Israel G.S. Manufacturing Ltd. | ||
| Cronos Israel G.S. Pharmacies Ltd. | ||
| Cronos Israel G.S. Store Ltd |
Cronos Group Revenue Breakdown
Cronos Group revenue breakdown by business segment: 100.0% from INVESTING IN COMPANIES EITHER LICENSED, OR ACTIVELY SEEKING A LICENSE, TO PRODUCE MEDICAL MARIJUANA
Cronos Group Cybersecurity Score
Cronos Group Environment, Social & Governance (ESG) Ratings
Cronos Group Online and Social Media Presence
12.21k Twitter followers
Cronos Group has 12.21k Twitter Followers. The number of followers has decreased 0.3% month over month and decreased 0.2% quarter over quarter
Cronos Group's Trends
Twitter Engagement Stats for @cronosgroup
443
Tweets
23
Following
12.2k
Followers
8
Tweets last 30 days
3.3
Avg. likes per Tweet
87.5%
Tweets with engagement
Cronos Group News and Updates
May 10, 2022
Cronos Group Inc. Announces Conference Participation for May 2022
TORONTO, May 10, 2022 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”), an innovative global cannabinoid company, today announced that Mike Gorenstein, Chairman, President and Chief Executive Office, will speak at two upcoming conferences:
May 10, 2022
Cannabis company Cronos Group doubles revenue, beats analyst target
Cronos Group said Tuesday its first-quarter net loss narrowed to $16.42 million, or 9 cents a share, from a loss of $146.2 million, or 44 cents a share, in the year-ago quarter. Revenue doubled to $25.03 million from $12.61 million. Cronos Group matched the analyst estimate for a loss of 9 cent a s…
May 10, 2022
Cronos Group Reports 2022 First Quarter Results
Consolidated net revenue increased by 99% year-over-year to $25.0 million in Q1 2022
April 29, 2022
Cronos Group Inc. to Hold Virtual 2022 Annual Meeting of Shareholders
TORONTO, April 29, 2022 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) will hold its 2022 Annual Meeting of Shareholders on Thursday, June 23, 2022, at 11:00 a.m. ET.
March 25, 2022
Thinking about buying stock in Sundial Growers, Cronos Group, Canopy Growth Corp, Bed Bath & Beyond, or Neptune Wellness Solutions?
NEW YORK, March 25, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SNDL, CRON, CGC, BBBY, and NEPT. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....
March 21, 2022
Cronos Group Founder Mike Gorenstein Returns as CEO
Kurt Schmidt, President and Chief Executive Officer, to Retire Kurt Schmidt, President and Chief Executive Officer, to Retire
Cronos Group Frequently Asked Questions
When was Cronos Group founded?
Cronos Group was founded in 2013.
Who are Cronos Group key executives?
Cronos Group's key executives are Kurt Schmidt, Bob Madore and Xiuming Shum.
How many employees does Cronos Group have?
Cronos Group has 665 employees.
Who are Cronos Group competitors?
Competitors of Cronos Group include Cresco Labs, Trulieve and HEXO Corp.
Where is Cronos Group headquarters?
Cronos Group headquarters is located at 111 Peter St, Toronto.
Where are Cronos Group offices?
Cronos Group has offices in Toronto, Melbourne and Gan Shmuel.
How many offices does Cronos Group have?
Cronos Group has 3 offices.
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