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Cronos Group Inc
XMUN:7CI

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Cronos Group Inc Logo
Cronos Group Inc
XMUN:7CI
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Price: 2.334 EUR -0.51% Market Closed
Market Cap: €1.4B

Cronos Group Inc
Investor Relations

Cronos Group is a cannabis company that grows, processes, and sells cannabinoid products. It makes dried flower, oils, vapes, and other cannabis-based consumer products, and it also works on hemp-derived ingredients and cannabinoid research. Its role is not retail storefronts; it sits upstream in the supply chain as a producer and brand owner. The company sells mainly to adult-use cannabis customers and medical cannabis patients, depending on the market. It also works with distributors, wholesalers, and retail chains that carry its brands. Cronos makes money by selling finished cannabis products and, in some cases, ingredients and intellectual property tied to cannabinoid development. What makes Cronos different is that it combines consumer cannabis brands with a science-focused approach to cannabinoids and product formulation. That gives it exposure to both packaged cannabis products and longer-term research into how cannabinoids can be used in wellness and medical settings. For investors, it is best understood as a branded cannabis producer whose business depends on product quality, regulation, and access to legal cannabis markets.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 11, 2026
AI Summary
Q1 2026

Record quarter: Cronos reported record net revenue and record gross profit in Q1 2026, with adjusted EBITDA also improving year over year.

Canada strength: Spinach reached the #1 vape position in Canada for the first time, while edibles stayed #1 and flower share improved as supply constraints eased.

International momentum: Israel delivered its ninth straight record quarter, and other international markets posted 97% year-over-year growth, driven by Germany.

Balance sheet: Cronos ended the quarter with $822 million in cash and no debt, and the board authorized a new $50 million share repurchase program.

Growth pipeline: Management said GrowCo is now online, CanAdelaar is still expected to close in summer 2026, and the company remains optimistic about U.S. rescheduling, while staying selective on where to participate.

Key Financials
Net revenue
$45.2 million
Gross profit
$19.2 million
Operating expenses
$20.5 million
Adjusted EBITDA
$5.1 million
Cash, cash equivalents and short-term investments
$822 million
Share repurchases
$17 million
CapEx
$2 million
Withholding taxes paid
$2 million
Cash flow from operations before changes in working capital
$11 million
Loans receivable
$21 million
Other investments
$5 million
Canada retail sales growth
18%
Spinach total vape share
9.8%
Spinach vape cartridge share
11.1%
Edibles market share
20.8%
Gummies market share
22.7%
All-in-one vape share
#2
Non-infused pre-roll share
#8
Israel net revenue growth
53%
Other international markets growth
97%
Board share repurchase authorization
$50 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael Ryan Gorenstein J.D.
President, CEO & Chairman
No Bio Available
Mr. James Holm
Chief Financial Officer
No Bio Available
Mr. Jeffrey David Jacobson
Chief Growth Officer
No Bio Available
Ms. Anna Shlimak
Chief Strategy Officer
No Bio Available
Mr. James Andrew McGinness III
VP, Controller & Principal Accounting Officer
No Bio Available
Mr. Shayne J. Laidlaw
Director of Investor Relations & Strategy
No Bio Available
Mr. Terry Gregory-Joseph Doucet
General Counsel & Corporate Secretary
No Bio Available
Ms. Shannon Buggy
Senior VP & Global Head of People
No Bio Available
Mr. Arye Weigensberg
Senior VP and Head of Research & Development
No Bio Available
Mr. Adam Wagner
Senior VP & Head of Cronos Israel
No Bio Available

Contacts

Address
ONTARIO
TORONTO
111 Peter Street, Suite 300
Contacts
+4165040004.0
thecronosgroup.com
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