By comparison, Aphria, Canopy, and Aurora posted revenue figures of CAD$126 million ($96.4 million), CAD$76.6 million ($58.6 million), and CAD$75.2 million ($57.6 million), respectively. Cumulative Growth of a $10,000 Investment in Stock Advisor, Will Cronos Group Rebound In 2020? During the third quarter, Cronos' revenue was 12.7 million Canadian dollars (about $9.7 million). Better Marijuana Stock to Buy: Cronos or Canopy Growth? View the latest Cronos Group Inc. (CRON) stock price, news, historical charts, analyst ratings and financial information from WSJ. Investors are once again optimistic about the cannabis industry's growth prospects. Now, Joe’s mission is to pass on what he’s learned -- and what he continues to learn -- as a contributing writer to Fool.com. * Leading the index were Corus Entertainment Inc , up 9.8%, Onex Corp , up 5.3%, and Home Capital Group Inc , higher by 5.1%. Let's conquer your financial goals together...faster. Returns as of 11/12/2020. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Stock Advisor launched in February of 2002. That was above analysts' estimates for revenue of $10.8 million. Cronos Group (NASDAQ: CRON) shares experienced unusual options activity on Wednesday. In its press release disclosing its third-quarter financial results, Cronos announced it was launching a new venture, a hemp-derived cannabidiol (CBD) brand called Peace+. Stock quotes by finanzen.net, Registration on or use of this site constitutes acceptance of our. Higher sales and marketing costs, research and development investments, and expenses related to its Lord Jones acquisition all contributed to the cannabis company's losses. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Commerce Policy | Market data powered by FactSet and Web Financial Group. At this point, it isn't clear to what extent vape-related deaths and illnesses will hinder the growth of the market for vape products. Cronos Group Reports 2020 Third Quarter Results. @themotleyfool #stocks $MO $CRON $ACB $CGC $HMLSF $APHA $MEDIF $HMMJ, the best-performing marijuana stock of all time, 4 Top Value Stocks on Sale to Buy Right Now, 5 Turnaround Stocks That Are Screaming Buys, 3 Dividend Stocks That Pay You Better Than Coca-Cola Does, Got $3,000? Cronos Peer Group News. Of course, Cronos is also looking to make a dent in the potentially lucrative cannabis derivative market that officially opened on Oct. 17, 2019. PEACE+ will sell hemp-derived CBD tincture products through a test market of approximately 1,000 retail stores in the U.S. In December 2018, Altria announced it would make a CA$2.4 billion ($1.8 billion) investment in Cronos to acquire a 45% stake in the marijuana company. In September 2019, Cronos signed a deal with MediPharm Labs (OTC:MEDIF), a company that provides cannabis extraction services. However, Cronos Group's operating losses widened to $41.2 million, compared to $30.7 million in the year-ago period. Despite these shortcomings, however, Cronos has a secret weapon, namely its partnership with tobacco giant Altria (NYSE:MO). Stock Advisor launched in February of 2002. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Cronos Group Stock Soared Today @themotleyfool #stocks $CRON, Why Cronos Group, HEXO, OrganiGram, and Other Marijuana Stocks Soared Today, Why Marijuana Stocks Like Cronos, Tilray, and HEXO Blasted Higher Today, 5 Ways the Federal Government Is Harming the Cannabis Industry, 3 Robinhood Stocks That Could Skyrocket If Joe Biden Wins in November. Even with the U.S. Food and Drug Administration recently warning consumers about the dangers of CBD, the U.S. CBD market is projected to grow at a fast pace over the next few years. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns during its existence. Datadog, Cronos Group leads premarket losers' pack, Aurora Cannabis shares rise 21% on potential cannabis legalization, beats FQ1 consensus, Why Cronos Group, HEXO, OrganiGram, and Other Marijuana Stocks Soared Today, Aurora Cannabis rockets 70% higher as legal pot enthusiasm grows, Cronos Group Inc. (CRON) Q3 2020 Earnings Call Transcript, 10 Cheap Stocks to Buy in November Under $10, Marijuana Stocks Surge As Cronos Beats, Aphria Taps Brewer, Cronos Group (CRON) Reports Q3 Loss, Tops Revenue Estimates, Canadian cannabis company Cronos tops earnings estimates, stock jumps 6% premarket, Cronos shares rise 5% on solid Q3 beat; top-line +96% boosted by advancement in Canadian/Israeli market, Cronos Group Reports 2020 Third Quarter Results, Cronos Group EPS beats by $0.25, beats on revenue, Election 2020: Cannabis on the ballot in five states, Why Marijuana Stocks Like Cronos, Tilray, and HEXO Blasted Higher Today, 3 Cannabis Stocks to Buy for a Potentially Huge ‘Blue Wave’ Catalyst, Analysts Estimate Cronos Group (CRON) to Report a Decline in Earnings: What to Look Out for, Canopy Growth Is a Bet Worth Taking Before the Election, Here’s How the Coronavirus Could Benefit Canopy Growth, 7 Marijuana Stocks for an Election Day Boost, Cronos Group Inc. to Hold 2020 Third Quarter Earnings Conference Call on November 5, 2020.

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