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Cronos Group Inc. (CRON) is a global leader in cannabis innovation, operating across medicinal and recreational markets with brands like Peace Naturals and Spinach. This page provides investors and industry observers with centralized access to official press releases, financial updates, and strategic developments.
Track CRON's progress through earnings reports, regulatory milestones, product launches, and partnership announcements. Our curated news collection ensures you stay informed about operational expansions, research breakthroughs, and market positioning in the evolving cannabis sector.
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Cronos Group (NASDAQ: CRON) has announced that its Happy Dance CBD skincare line is now available at over 550 Ulta Beauty locations and online. This marks the brand's first entry into physical retail, enhancing its visibility and accessibility. Happy Dance, co-founded by actress Kristen Bell, features vegan, cruelty-free products, with a portion of profits supporting a Black-owned reentry project. The partnership is highlighted by a dedicated display in Ulta stores, aiming to appeal to a wider audience and promote self-care.
Cronos Group announced its 2020 fourth quarter and full-year results, revealing a net revenue increase of 133% in Q4 2020 compared to Q4 2019, reaching $17.0 million. The company also saw significant growth in the U.S. and Israeli markets. However, a gross loss of $14.9 million was reported, despite a $5.2 million improvement from the previous year. The company holds approximately $1.3 billion in cash and short-term investments. Significant investments in brand expansion include the launch of Happy Dance™ products at ULTA Beauty™, enhancing its portfolio in the U.S. market.
Cronos Group Inc. (NASDAQ: CRON) will host its 2020 Fourth Quarter and Full-year Earnings Conference Call on February 26, 2021, at 8:30 a.m. EST. Senior management will discuss the Company’s financial results, followed by a Q&A session. Investors can tune in via a live audio webcast on the Company’s website. Participants can also listen by phone, with access numbers provided. The Company focuses on innovative cannabinoid products and aims to develop an iconic brand portfolio across five continents.
Cronos Group announced that its CEO, Kurt Schmidt, will present at the 24th Annual CIBC Western Institutional Investor Conference on January 22, 2021, at 4:10 p.m. EST. Investors can access a recording of the presentation in the Investors section of the company’s website. This innovative global cannabinoid company is dedicated to advancing cannabis research, technology, and product development across five continents. Cronos is building a disruptive brand portfolio, including well-known brands like PEACE NATURALS and Lord Jones.
Cronos Group, a global cannabinoid company, announced that Mike Gorenstein, Executive Chairman, will present at the MKM Partners Virtual Conference on December 16, 2020, at 12:30 p.m. EST. The presentation will be accessible via the company's Investors website.
Cronos Group is focused on advancing cannabis research and developing an iconic brand portfolio, including PEACE NATURALS and Spinach.
Cronos Group (NASDAQ: CRON) announced on November 25, 2020, that Mike Gorenstein, the Executive Chairman, will speak at the Cowen 2020 Boston Cannabis Conference on December 2, 2020, at 9:20 a.m. EST. This appearance highlights the company's commitment to advancing the cannabis industry. Cronos Group is focused on building a global portfolio of innovative cannabinoid products, including brands like PEACE NATURALS™, COVE™, and Spinach™.
Cronos Group announced that Executive Chairman Mike Gorenstein will speak at the Jefferies Virtual West Coast Consumer Conference on November 17, 2020, at 1:10 p.m. EST. The event will be accessible via the Investors section of Cronos Group's website.
Cronos Group is a leading global cannabinoid company committed to innovation in cannabis research and product development, with a diverse portfolio that includes brands like PEACE NATURALS™, COVE™, and Spinach™.
Cronos Group has appointed Kurt Schmidt as President and CEO, succeeding Mike Gorenstein, who becomes Executive Chairman. The company launched a new hemp-derived CBD brand, Happy Dance™, in partnership with Kristen Bell. Financially, Cronos reported Q3 2020 net revenue of $11.4 million, a 96% increase year-over-year, driven by growth in the adult-use Canadian market and the Redwood acquisition. However, the gross loss was $1.5 million, and the operating loss rose to $41.2 million, reflecting increased costs from brand development and R&D. The company continues to expand its product portfolio and international presence.
Cronos Group Inc. (NASDAQ: CRON) will host its 2020 Third Quarter Earnings Conference Call on November 5, 2020, at 8:30 a.m. EST. The call will include financial results discussion and a Q&A session with senior management. A live audio webcast will be accessible on the company’s website, and an archive will be available for later viewing. Cronos Group specializes in cannabinoid products, focusing on innovative research and product development across its international brand portfolio, including PEACE NATURALS, COVE, and Spinach.
Cronos Group announced the launch of Happy Dance, a new clean CBD skincare brand co-founded by actress Kristen Bell, on October 14, 2020. The collection includes three products: Whipped Body Butter, Head-to-Toe Coconut Melt, and Stress Away Bath Bomb, all featuring high-quality CBD from full-spectrum hemp extract. Each product undergoes thorough third-party testing and is vegan and cruelty-free. A portion of profits will support the A New Way of Life Re-Entry Project, benefiting women rebuilding their lives after prison.
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