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An announcement from Cronos Group ( (TSE:CRON) ) is now available.
Cronos Group reported a significant increase in net revenue for the fourth quarter and full year of 2024, with a 27% and 35% year-over-year growth, respectively. The company has achieved market leadership with its Spinach® brand in Canada and PEACE NATURALS® in Israel, and it is making strides in Germany and the UK. With a strong balance sheet and strategic investments, Cronos is well-positioned for future growth and innovation in the cannabis industry.
More about Cronos Group
Cronos Group Inc. is a leading company in the global cannabis industry, focusing on innovation, quality, and disciplined cost management. It offers a range of cannabis products, with its brands Spinach® and PEACE NATURALS® achieving top positions in Canada and Israel, respectively. The company is committed to international expansion and enhancing its cultivation capabilities.
YTD Price Performance: -10.19%
Average Trading Volume: 1,449,750
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $706M
See more insights into CRON stock on TipRanks’ Stock Analysis page.
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