Cronos Group (US) (TSE:CRON) has released an update.
Cronos Group has reported a strong start to 2024 with a 30% increase in net revenue to $25.3 million and a formidable balance sheet featuring $855 million in cash. The company’s Spinach® brand dominated the Canadian retail market across various categories, and they launched the PEACE NATURALS® brand in the UK. Despite previous challenges, Cronos Group showcases innovation and resilience, particularly in the Canadian and Israeli markets, contributing to its growth.
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