Marijuana Stocks Cronos Shares Soar as Company Tops Third Quarter Financial Forecasts by Sophia Vida November 06, 2020 Shares of marijuana company Cronos Group soared on Thursday after the company topped third quarter financial results. For the quarter the Canadian pot producer's overall net income was $68.5 million. This was helped by a $105.3...
Spotlight Stock Cannabis Company Cronos Reports a $31.3M Operating Loss in the Second Quarter by Sophia Vida August 07, 2020 Canadian marijuana company Cronos Group has reported its second quarter financial results to reveal an adjusted operating loss of $31.3 million along with $40 million worth of coronavirus-related impairment charges on its U.S. ope...
Legal Related Aurora Cannabis and Cronos Group Named in $500M Lawsuit by Sophia Vida June 24, 2020 A $500 million lawsuit is accusing marijuana producers of distributing products with incorrect THC and CBD levels. The class action lawsuit was filed in Calgary Canady against the cannabis producers whose claims of THC and CBD ...
Marijuana Stocks Cronos Group to Buy CBD Products Distributor by Sophia Vida August 07, 2019 Canada-based marijuana cultivator Cronos Group has agreed to buy a a hemp producer that distributes CBD products in the United States. Cronos announced the news this past Friday, stating that it has agreed to purchase Redwood H...
Uncategorized Cronos Group Soars as Analyst Upgrades the Stock by Sophia Vida June 07, 2019 Shares of Cronos Group were sailing higher this week after Bank of America Merrill Lynch decided to give the marijuana company a two-notch upgrade. The bank has argued that a move into the U.S. CBD market could be a huge opport...
Uncategorized Top Marijuana Analyst is Optimistic about Altria Taking a Stake in Cronos by Sophia Vida December 11, 2018 Vivien Azer, a top marijuana analyst with Cowen, is digging Altria's recent announcement about taking a $1.8 billion stake in cannabis producer Cronos Group. According to the analyst, the agreement should both companies and th...
Spotlight Stock Cronos Group Reports Third Quarter Financial Results by Sophia Vida November 14, 2018 Canadian marijuana company Cronos Group Inc. reported its third quarter results this week, revealing that revenue had roughly tripled. Despite revenue seeing a big jump, the company reported a net loss of C$7.04 million ($5.3 m...
Spotlight Stock Aurora Cannabis Sees a 2,800% Increase in Earnings by Sophia Vida November 13, 2018 Aurora Cannabis was the first of several marijuana stocks to report quarterly results this week and boy, did they deliver. The Canadian marijuana company reported that earnings had soared 2,800% after producing 11,000 pounds of...
Spotlight Stock Aurora Cannabis Debuts on the NYSE and Flops by Sophia Vida October 24, 2018 Aurora Cannabis made a less than par debut on the New York Stock Exchange on Tuesday. Perhaps it had something to do with the timing as many pot stocks were slumping again after seeing losses on Monday. Shares of Tilray, Canopy...
Marijuana Stocks Cronos Enters Sponsored Research Agreement to Explore Use of Cannabinoids in Skin Health by Sophia Vida October 16, 2018 Marijuana company Cronos Group Inc. announced this week that it has entered into a sponsored research agreement with the Technion Research and Development Foundation of the Technion - Israel Institute of Technology. As part of ...