Cronos Group Inc.
Cronos Group Inc. News
Cronos Group (ticker – CRON) is a Canadian firm which invests in medical cannabis-producing companies. It is headquartered in Toronto, Canada.
The company owns Peace Naturals (38 ha) and Original BC (12 ha) outright, holding a 21% stake in Whistler Medical Marijuana.
It listed its shares on the NASDAQ (USA) on February 28, 2018.
Cronos Group – Revenue
According to its 2017 financial results, the company's income stood at USD 4.1 million. It is projecting a 102.4% increase (to a total of USD 8.3 million) for financial 2019.
Cronos Group is a small but fast-growing company operating in a similarly high-speed growth sector.
Shares and quoted prices – Cronos Group
Its shares are traded on the NASDAQ. With a unit share price of USD 8.53, the company's market capitalization stands at USD 1.52 billion.
Over the 9 months that followed its initial public offering, the company's share price has increased by 1147% This is one of the best rates of return on the entire American stock market, beating any savings account yield on offer by some margin.