Markets

Cannabis producer Cronos soars after beating the its highest profit estimate

Cronos Group soared as much as 9% in early Thursday trading after surpassing the highest analyst estimate for second-quarter revenue. The company attributed its quarterly success to the newly launched adult-use market in Canada and increased interest in cannabis oil. Cronos’ second quarter saw its acquire CBD-distributor Redwood Holding Group, […]
Cannabis producer Cronos soars after beating the its highest profit estimate
Markets

Cannabis producer Cronos sinks after revenue comes up short

Cronos missed earnings and revenue expectations for the fourth quarter. Shares slid more than 4% early Tuesday. Watch Cronos trade live. The cannabis producer Cronos fell more that 4% early Tuesday after missing Wall Street’s revenue estimate for the fourth quarter. Cronos reported revenue of 5.6 million Canadian dollars, well […]
Cannabis producer Cronos sinks after revenue comes up short
Markets

Cronos is soaring ahead of earnings

Cannabis producer Cronos was up nearly 9% Monday – ahead of its fourth-quarter earnings release due out Tuesday morning. Wall Street analysts expect Cronos’ revenue to have grown by more than 500% over the past year. Watch Cronos trade live. Cronos was up almost 9% Monday, one day ahead of […]
Cronos is soaring ahead of earnings
Markets

The maker of Marlboro cigarettes is gaining a ‘unique entry into cannabis’

Altria‘s $US1.8 billion investment in the cannabis producer Cronos is mutually beneficial, a Cowen analyst says. Cronos has a focus on rare cannabinoids, which has greater potential than just focusing on the two most known cannabinoids, Azer added. Cronos can leverage Altria’s expertise to focus on ingredient composition without reliance […]
The maker of Marlboro cigarettes is gaining a ‘unique entry into cannabis’