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Cronos Group Inc Stock Research

CRON

1.97USD+0.01(+0.51%)Delayedas of 03 Oct 2023, 03:40 pm
Watchlist

Market Summary

USD1.97+0.01
Delayedas of 03 Oct 2023, 03:40 pm
0.51%

CRON Alerts

  • Big jump in Earnings (Y/Y)
  • Losses in recent quarter

CRON Stock Price

CRON RSI Chart

CRON Valuation

Market Cap

746.9M

Price/Earnings (Trailing)

-5.21

Price/Sales (Trailing)

6.82

EV/EBITDA

-3.32

Price/Free Cashflow

-7.49

CRON Price/Sales (Trailing)

CRON Profitability

EBT Margin

-109.54%

Return on Equity

-13.76%

Return on Assets

-13.4%

Free Cashflow Yield

-13.36%

CRON Fundamentals

CRON Revenue

Revenue (TTM)

109.5M

Revenue Y/Y

-4.79%

Revenue Q/Q

-5.16%

CRON Earnings

Earnings (TTM)

-143.5M

Earnings Y/Y

58.66%

Earnings Q/Q

56.59%

Price Action

52 Week Range

1.643.62
(Low)(High)

Last 7 days

-10.1%

Last 30 days

-0.5%

Last 90 days

-3.9%

Trailing 12 Months

-30.5%

CRON Financial Health

Current Ratio

31.45

CRON Investor Care

Shares Dilution (1Y)

0.84%

Diluted EPS (TTM)

-0.08

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for CRON

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-01
Buggy Shannon
acquired
-
-
17,176
svp, global head of people
2023-09-01
Buggy Shannon
sold (taxes)
-11,033
2.05
-5,382
svp, global head of people
2023-08-07
Gorelik Ran
acquired
-
-
11,357
general manager (israel)
2023-05-30
ADLER JASON MARC
bought
19,522
1.7353
11,250
-
2023-05-30
ADLER JASON MARC
bought
45,551
1.7353
26,250
-
2023-05-25
ADLER JASON MARC
bought
53,896
1.7965
30,001
-
2023-05-25
ADLER JASON MARC
bought
125,753
1.7965
69,999
-
2023-05-23
ADLER JASON MARC
bought
57,067
1.9022
30,001
-
2023-05-23
ADLER JASON MARC
bought
133,152
1.9022
69,999
-
2023-05-19
ADLER JASON MARC
bought
132,307
1.8901
70,000
-

1–10 of 50

Which funds bought or sold CRON recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-21
Baystate Wealth Management LLC
unchanged
-
18.00
1,143
-%
2023-09-20
BARCLAYS PLC
new
-
75,000
75,000
-%
2023-09-12
Farther Finance Advisors, LLC
unchanged
-
5.00
296
-%
2023-09-08
TUCKER ASSET MANAGEMENT LLC
unchanged
-
15.00
985
-%
2023-08-23
WOLVERINE TRADING, LLC
added
110
21,743
41,743
-%
2023-08-21
OSAIC HOLDINGS, INC.
reduced
-28.82
-34,213
90,728
-%
2023-08-16
Sunbelt Securities, Inc.
reduced
-2.7
5,554
397,402
0.06%
2023-08-16
GTS SECURITIES LLC
new
-
57,435
57,435
-%
2023-08-15
HARBOUR INVESTMENTS, INC.
reduced
-7.37
-157
2,476
-%
2023-08-15
BENJAMIN F. EDWARDS & COMPANY, INC.
sold off
-100
-
-
-%

1–10 of 43

Latest Funds Activity

Are funds buying CRON calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own CRON
No. of Funds

Schedule 13G FIlings of Cronos Group

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Dec 19, 2022
altria group, inc.
41%
156,573,537
SC 13D/A
Feb 12, 2020
chesapeake partners management co inc/md
2.58%
8,873,890
SC 13G/A

Recent SEC filings of Cronos Group

View All Filings
Date Filed Form Type Document
Sep 05, 2023
4
Insider Trading
Aug 10, 2023
4
Insider Trading
Aug 10, 2023
4
Insider Trading
Aug 10, 2023
4
Insider Trading
Aug 09, 2023
4
Insider Trading
Aug 08, 2023
8-K
Current Report
Aug 08, 2023
10-Q
Quarterly Report
Jun 30, 2023
3
Insider Trading
Jun 30, 2023
3
Insider Trading
Jun 30, 2023
3
Insider Trading

Peers (Alternatives to Cronos Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
484.3B
29.5B
-3.38% 66.94%
74.54
16.41
1.53% 14.16%
403.1B
97.8B
-3.32% -3.73%
30.88
4.12
2.29% -28.92%
272.8B
58.3B
-6.64% 20.70%
17.88
4.63
2.00% -81.24%
191.6B
77.9B
-5.14% -21.78%
8.92
2.46
-23.04% -26.74%
150.1B
45.2B
-6.72% -18.00%
23.72
3.25
-4.15% 20.34%
MID-CAP
6.5B
-
1.99% 679.20%
-74.1
4.1K
-86.94% 71.24%
4.2B
4.6B
-13.25% -12.06%
-62.67
0.92
6.60% 42.04%
SMALL-CAP
1.5B
627.1M
-7.75% -17.45%
-1.03
2.38
-0.20% -204.67%
1.5B
634.0M
-16.53% -19.88%
33.94
2.32
0.62% -24.59%
846.0M
244.3M
1.17% 11.71%
4.29
3.46
-39.50% -4.99%
746.9M
109.5M
-0.51% -30.50%
-5.21
6.82
-2.66% -32.13%
459.3M
31.2M
-17.85% -58.77%
-4.36
14.74
407.54% -26.47%
405.7M
453.3M
34.00% -73.00%
-0.33
0.89
-16.04% 55.90%
233.7M
54.6M
-23.77% -28.92%
-2.58
4.28
9.39% -179.16%
-
2.2B
- -
-
-
-22.39% 63.59%

Cronos Group News

Benzinga
Exploring New Horizons: Sibannac to Expand Business in Canada ....
Benzinga,
25 hours ago
Investing News Network

Returns for CRON

Cumulative Returns on CRON

-28.8%


5-Year Cumulative Returns

-27.0%


3-Year Cumulative Returns

Risks for CRON

What is the probability of a big loss on CRON?

100%


Probability that Cronos Group stock will be more than 20% underwater in next one year

96.5%


Probability that Cronos Group stock will be more than 30% underwater in next one year.

82.3%


Probability that Cronos Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CRON drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Cronos Group was unfortunately bought at previous high price.

Drawdowns

Financials for Cronos Group

Income Statement (Last 12 Months)
Income Statement (Last 12 Months)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42017Q42016Q4
Revenue-1.2%109,497,000110,794,000114,456,000114,479,000112,485,000104,238,00089,486,00080,702,75071,919,50063,136,25054,353,000271,577,000768,652,000961,055,0001,203,261,0001,484,570,6671,043,444,0001,271,548,000---
Gross Profit-16.0%6,402,0007,625,00011,969,00014,348,00012,461,000-7,645,000-17,534,000-34,375,000-35,182,000-22,320,000-25,833,000-31,310,000-32,910,000-25,895,000-17,864,0004,391,0009,113,0006,678,0006,213,0001,574,0001,993,000
Operating Expenses-5.1%109,741,000115,646,000136,807,000269,338,000292,861,000543,798,000543,060,000422,034,000405,982,000197,207,000193,554,000225,671,000213,600,000162,662,000135,719,00080,120,00065,058,00046,724,00026,658,0007,695,0004,124,000
  S&GA Expenses5.1%22,857,00021,745,00022,282,00025,773,00030,671,00039,695,00044,937,00047,821,00044,236,00037,528,00034,386,00034,174,00031,529,00029,033,00023,048,00012,965,33310,266,0004,512,0002,537,000443,0003,435,000
  R&D Expenses-27.4%8,188,00011,275,00013,381,00017,359,00021,263,00022,268,00023,331,00024,185,00022,446,00020,878,00020,366,00019,034,00016,905,00015,574,00012,155,0008,101,3336,942,0004,684,0001,814,000--
EBITDA100.0%--116,696,000--215,997,000-104,266,000-262,753,000-392,624,000-370,554,000-378,360,000-70,163,000-70,215,000103,208,000637,183,000930,497,0001,168,919,0001,475,040,0001,002,736,0001,259,960,000---
EBITDA Margin100.0%--1.04--1.86-0.69-1.28-1.57-1.48-1.15-0.19-0.190.280.530.770.970.990.960.99---
Interest Expenses---------156,000-90,000-7,000-268,000260,000259,000759,000862,6671,178,0002,028,000-126,000232,000
Earnings Before Taxes10.0%-108,158,000-120,150,000-134,559,000-219,058,000-106,865,000-267,822,000-397,135,000-374,193,000-381,693,000-310,604,000-73,273,00099,715,000634,012,000927,603,0001,165,937,0001,472,132,000999,754,0001,255,956,000-20,923,000-2,345,000-1,758,000
EBT Margin100.0%--1.10-1.18-1.91-0.73-1.30-1.59-1.50-1.16-0.20-0.200.270.530.770.970.990.96----
Net Income7.6%-143,492,000-155,353,000-168,734,000-223,502,000-108,595,000-267,727,000-396,107,000-374,295,000-383,178,000-310,802,000-73,137,00099,665,000635,042,000928,018,0001,166,070,0001,094,809,000485,614,000295,499,000-21,817,000-1,483,000-1,190,000
Net Income Margin100.0%--1.38-1.47-1.93-0.72-1.30-1.58-1.49-1.16-0.84-0.200.270.530.770.970.740.47----
Free Cashflow100.0%--106,274,000-92,399,000-104,094,000-123,625,000-146,700,000-164,760,000-174,321,000-177,876,000-181,242,000-173,869,000-180,541,000-181,788,000-190,290,000-168,938,000-152,553,333-155,374,000----
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42018Q42017Q42016Q4
Assets0.8%1,1681,1601,2131,2371,3321,3711,3981,5351,6021,8811,9261,9191,9101,9282,09018310143.00
  Current Assets0.9%9259169609631,0261,0631,0801,1041,1621,3201,3721,3941,4021,4041,57340.0027.008.00
    Cash Equivalents-1.0%4094147656337908628878438951,0241,0781,0981,1101,1281,20024.007.003.00
  Inventory2.1%45.0044.0038.0034.0040.0037.0033.0032.0036.0046.0044.0056.0053.0043.0038.007.008.002.00
  Net PPE-3.5%58.0060.0061.0061.0066.0072.0074.0018919319218817116415416012656.0014.00
  Goodwill2.0%1.001.001.001.001.001.001.001.001.001801801791802152131.001.002.00
Liabilities-4.5%32.0033.0072.0046.0047.0050.0063.0079.0020931321815424721334135.0015.009.00
  Current Liabilities-4.1%28.0029.0068.0038.0039.0040.0054.0070.0020130320714323520233333.008.008.00
Shareholder's Equity1.2%1,1401,1261,1441,1941,2851,3211,3341,4561,3941,5681,7081,7641,6631,7151,74914964.0022.00
  Retained Earnings-1.8%4634724915706076276597937208961,0651,1761,1071,2141,138-27.94-3.72-6.21
  Additional Paid-In Capital2.9%45.0044.0043.0038.0035.0035.0032.0030.0032.0032.0035.0032.0027.0025.0023.0011.00--
Shares Outstanding0.1%381381381378378375375373372363360350349349----
Minority Interest-3.0%-3.02-2.93-2.92-2.90-3.11-3.23-2.97-3.03-2.76-2.37-3.20-2.50-1.95-1.19-0.850.00--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42017Q42016Q4
Cashflow From Operations5.4%-97.22-102-88.95-100-118-140-153-156-152-152-144-160-152-156-131-102-113-55.35-7.52-4.28-6.48
  Share Based Compensation-1.8%14.0014.0015.0021.0019.0019.0018.0023.0028.0028.0028.0017.0012.0012.0012.0011.009.007.008.002.00-
Cashflow From Investing14.8%-260-305-1.84-78.9637.00-19.08-28.90-127-126-48.6520.0011225.00-540-603-903-1,177-16.73-93.91-29.90-8.01
Cashflow From Financing48.2%-1.64-3.18-2.90-2.56-6.57-5.24-13.44-13.88-11.96-11.27-3.0533.0066.0066.001,8582,4303,5837,16512239.0017.00

CRON Income Statement

2023-06-30
Condensed Consolidated Statements of Net Loss and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]    
Net revenue, before excise taxes$ 25,798$ 27,095$ 52,352$ 54,173
Excise taxes(6,777)(5,493)(13,836)(9,866)
Net revenue19,02121,60238,51644,307
Cost of sales15,92217,28032,49033,275
Gross profit3,0994,3226,02611,032
Operating expenses    
Sales and marketing5,2974,18511,0387,195
Research and development1,1074,1943,1468,115
General and administrative13,45116,28625,30737,417
Restructuring costs097803,009
Share-based compensation2,3312,5834,8666,199
Depreciation and amortization1,5331,3983,0582,666
Impairment loss on long-lived assets0003,493
Total operating expenses23,71929,62447,41568,094
Operating loss(20,620)(25,302)(41,389)(57,062)
Other income    
Interest income, net12,4713,77523,6465,820
Gain (loss) on revaluation of derivative liabilities433,410(22)13,829
Share of income (loss) from equity method investments2705,197(226)5,197
Gain (loss) on revaluation of financial instruments5,193(2,112)(2,565)2,156
Impairment loss on other investments000(11,238)
Foreign currency transaction loss(3,174)(2,852)(4,817)(4,724)
Other, net(26)4959184
Total other income14,7777,46716,07511,224
Loss before income taxes(5,843)(17,835)(25,314)(45,838)
Income tax expense (benefit)(180)(308)(1,616)54
Loss from continuing operations(5,663)(17,527)(23,698)(45,892)
Loss from discontinued operations(2,834)(2,811)(4,056)(7,099)
Net loss(8,497)(20,338)(27,754)(52,991)
Net loss attributable to non-controlling interest(137)(117)(225)(132)
Net loss attributable to Cronos Group(8,360)(20,221)(27,529)(52,859)
Comprehensive income (loss)    
Net loss(8,497)(20,338)(27,754)(52,991)
Other comprehensive income (loss)    
Foreign exchange gain (loss) on translation16,580(24,161)18,994(8,184)
Comprehensive income (loss)8,083(44,499)(8,760)(61,175)
Comprehensive income (loss) attributable to non-controlling interests(87)122(95)(139)
Comprehensive income (loss) attributable to Cronos Group$ 8,170$ (44,621)$ (8,665)$ (61,036)
Net loss per share    
Basic - continuing operations (in dollars per share)$ (0.01)$ (0.05)$ (0.06)$ (0.12)
Diluted - continuing operations (in dollars per share)(0.01)(0.05)(0.06)(0.12)
Basic - discontinued operations (in dollars per share)(0.01)0.00(0.01)(0.02)
Diluted - discontinued operations (in dollars per share)(0.01)0.00(0.01)(0.02)
Basic (in dollars per share)(0.02)(0.05)(0.07)(0.14)
Diluted (in dollars per share)$ (0.02)$ (0.05)$ (0.07)$ (0.14)

CRON Balance Sheet

2023-06-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets  
Cash and cash equivalents$ 409,428$ 764,644
Short-term investments431,510113,077
Accounts receivable, net12,54023,113
Interest receivable9,4522,469
Other receivables4,8393,298
Current portion of loans receivable, net5,0358,890
Inventory, net45,19037,559
Prepaids and other current assets6,7807,106
Total current assets924,774960,156
Equity method investments, net17,64618,755
Other investments67,92570,993
Non-current portion of loans receivable, net71,08072,345
Property, plant and equipment, net57,69560,557
Right-of-use assets1,5712,273
Goodwill1,0571,033
Intangible assets, net25,46226,704
Deferred tax asset1,137193
Total assets1,168,3471,213,009
Current liabilities  
Accounts payable9,34011,163
Income taxes payable43832,956
Accrued liabilities16,57322,268
Current portion of lease obligation1,1741,330
Derivative liabilities3715
Current portion due to non-controlling interests364384
Total current liabilities27,92668,116
Non-current portion due to non-controlling interests1,0231,383
Non-current portion of lease obligation2,0502,546
Deferred tax liability6750
Total liabilities31,67472,045
Shareholders’ equity  
Share capital (authorized for issue as of June 30, 2023 and December 31, 2022: unlimited; shares outstanding as of June 30, 2023 and December 31, 2022: 381,089,357 and 380,575,403, respectively)613,152611,318
Additional paid-in capital45,31742,682
Retained earnings463,153490,682
Accumulated other comprehensive income (loss)18,067(797)
Total equity attributable to shareholders of Cronos Group1,139,6891,143,885
Non-controlling interests(3,016)(2,921)
Total shareholders’ equity1,136,6731,140,964
Total liabilities and shareholders’ equity$ 1,168,347$ 1,213,009
Michael R. Gorenstein
630
Cronos Group Inc. operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones and Happy Dance brands in the United States. The company is also involved in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products for the medical and adult-use markets. It sells cannabis and cannabis products, including dried cannabis, pre-rolls, edibles, concentrates, and cannabis extracts through wholesale and direct-to-client channels under its wellness platform, PEACE NATURALS; and operates under adult-use brands, Spinach. It also exports dried cannabis and cannabis oils to Germany, Israel, and Australia. Cronos Group Inc. was founded in 2012 and is based in Toronto, Canada.