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+.
TypePublic
Founded2013
HQToronto, CA
Websitethecronosgroup.com
Employee Ratings2.5

Latest Updates

Employees (est.) (Dec 2020)665(+6%)
Job Openings12
Share Price (May 2022)$3.2(+13%)
Cybersecurity ratingAMore
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Key People/Management at Cronos Group

Kurt Schmidt

Kurt Schmidt

President and Chief Executive Officer
Bob Madore

Bob Madore

Chief Financial Officer
Xiuming Shum

Xiuming Shum

Executive Vice President of Legal and Regulatory Affairs
Anna Shlimak

Anna Shlimak

Senior Vice President of Corporate Affairs
Shannon Buggy

Shannon Buggy

Senior Vice President, Global Head of People
Jeff Jacobson

Jeff Jacobson

General Manager of Canada and Europe
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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
Show all (3)

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
CADFY, 2018FY, 2019FY, 2020FY, 2021

Cash

32.6m1.2b1.1b887.0m

Accounts Receivable

4.2m4.6m8.9m22.1m

Prepaid Expenses

3.9m9.4m11.2m9.0m

Inventories

11.6m38.0m44.0m32.8m
Quarterly
CADQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

2.4b1.6b1.5b1.1b1.1b1.1b1.0b895.2m842.6m

Accounts Receivable

5.6m12.0m12.7m3.4m3.5m6.1m7.0m11.3m14.7m

Prepaid Expenses

5.1m7.1m11.7m11.1m7.8m10.5m15.1m10.2m10.2m

Inventories

25.2m41.7m52.9m43.1m53.2m56.4m46.4m35.6m31.8m
Annual
CADFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

(19.2m)1.2b(75.3m)(397.2m)

Depreciation and Amortization

2.5m3.9m7.0m15.4m

Inventories

(11.5m)(51.9m)(28.1m)11.6m

Accounts Payable

7.5m13.3m4.2m(2.4m)
Quarterly
CADQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

427.7m678.7m1.9b75.7m(32.0m)36.4m(161.6m)(104.8m)(263.3m)

Depreciation and Amortization

470.0k1.1m2.5m1.2m2.9m5.1m1.9m5.1m8.9m

Inventories

(17.2m)(37.2m)(80.1m)(11.3m)(23.9m)(18.3m)(1.0m)(1.0m)14.3m

Accounts Payable

29.6m15.4m72.2m(1.0m)(7.0m)3.7m(12.7m)(13.4m)(11.1m)
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Cronos Group Operating Metrics

FY, 2017FY, 2018FY, 2019

Brands

35

Dried Cannabis Varieties

21

Cannabis Oils Varieties

10

Cannabis Production Land (Peace Naturals), acres

9090
Show all operating metrics

Cronos Group Acquisitions / Subsidiaries

Company NameDateDeal Size
Lord JonesAugust 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

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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

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Cronos Group Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Cronos Group Online and Social Media Presence

Embed Graph

Cronos Group News and Updates

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:

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…

Cronos Group Reports 2022 First Quarter Results

Consolidated net revenue increased by 99% year-over-year to $25.0 million in Q1 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.

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....

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
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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.