CRON · NASDAQ · Drug Manufacturers - Specialty & Generic

Cronos Group

Branded cannabis portfolio across Canada, Israel, and other international markets.

$3.38
After-hours close+0.00 (+0.14%)
At close$3.38(−0.44%)
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Profile

Cronos Group Inc.CRONHealth Care

Sells cannabis flower and extracts under Spinach, PEACE NATURALS, and Lord Jones across Canada, Israel, and other international markets. Its current consumer-brand business follows exits from U.S. hemp-derived products and fermentation-based manufacturing.

Sells branded cannabis products through Spinach, PEACE NATURALS, and Lord Jones, including flower, pre-rolls, vaporizers, edibles, and tinctures in their applicable markets. Revenue comes from cannabis flower and extracts in Canada, Israel, and other international markets. Its portfolio spans multiple legal-market product forms.

Operates after a multiyear reset that ended U.S. hemp-derived cannabinoid sales and fermentation-based cannabinoid manufacturing. Current operations are organized around legal cannabis markets and consumer brands rather than former hemp and fermentation businesses. A proposed acquisition of Dutch CanAdelaar remained pending, subject to regulatory and other closing conditions.

Company facts

CEOMichael Gorenstein
ListedFeb 27, 2018
ExchangeNASDAQ
HeadquartersStayner, ON
CountryCanada
Employees610
CIK0001656472
ISINCA22717L1013

Key statistics

Market cap$1.26B
EPS (ttm)$0.1811
P/E (ttm)18.66
ROE6.5%
P/B1.18
P/S7.03
Dividend yield
Beta0.77vs XLV 0.20

Year to date +25.0% · Average volume (30d) 1.5M

Analysts

Price target, next 12 months$2.90−14.2%Median of 15 analysts · vs the Aug 28 close
ConsensusHold3 of 15 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionTarget
Jan 14, 2026BernsteinTarget$2.30

Earnings

EPS

Estimate$0.03
ReportedDue Nov 5, 2026

Revenue

Estimate$49.5M
ReportedDue Nov 5, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 6, 2026Q2 FY26$0.01$0.09+800.0%$44.2M$53.0M+19.9%+12.87%
May 11, 2026Q1 FY26$0.01$0.010.0%$42.2M$45.2M+7.1%+0.73%
Feb 26, 2026Q4 FY25$0.01$0.00−147.0%$38.7M$44.5M+15.0%0.00%
Nov 6, 2025Q3 FY25$0.02$0.07+250.0%$38.4M$36.3M−5.5%+0.40%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$32.3M$33.5M$36.3M$91.3M$44.6M$70.6M
Gross profit$13.7M$14.5M$18.3M$16.2M$18.5M$28.5M
Operating income−$4.1M−$5.3M−$503.0K$7.0M−$1.4M$7.4M
Net income$6.1M−$39.7M$26.0M−$1.8M$13.6M$32.1M
Diluted EPS$0.02−$0.10$0.07−$0.00$0.04$0.08
Gross margin42.6%43.4%50.4%17.7%41.4%40.3%
Operating margin-12.6%-15.9%-1.4%7.6%-3.2%10.5%

Fiscal years (4-quarter sums)FY21 $84.5M · FY22 $107.3M · FY23 $87.2M · FY24 $117.6M · FY25 $193.4M

Revenue by product · Q2 FY26

Cannabis Flower$39.2M · 74%
Cannabis Extracts$13.8M · 26%
Product And Service, Other$19.0K · 0%

Revenue by geography · Q2 FY26

Canada$28.7M · 54%
Israel$15.0M · 28%
Other Countries$9.3M · 18%

Balance sheet, Jun 30, 2026Cash & short-term investments $797.0M · Total debt $1.3M · Total assets $1.18B · Shareholders' equity $1.07B

Dividends

No dividends on record.

Ownership

Institutions 12.70%47.46M sharesInsiders 4.00%14.94M sharesOther 83.30%311.26M shares

Shares outstanding 373.66M · Float 192.24M · 51.5% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Michael Ryan Gorenstein · director, officer: See remarks below13.21M3.54%Form 4Mar 17, 2026
D. E. Shaw & Co., Inc.8.84M2.37%13FAug 14, 2026
Chescapmanager LLC7.94M2.13%13FAug 14, 2026
Toroso Investments, LLC3.77M1.01%13FAug 13, 2026
Dimensional Fund Advisors LP3.05M0.82%13FAug 11, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

Peers

  • Tilray Brands

    Canadian adult-use, medical, and international cannabis portfolio

  • Canopy Growth

    Canadian adult-use, medical, and international cannabis portfolio

  • Organigram Global

    Canadian adult-use cannabis across multiple product formats

  • Aurora Cannabis

    Canadian and global medical cannabis with limited consumer sales

  • InterCure

    Israel-focused medical cannabis with German market expansion

  • Village Farms International

    Branded Canadian flower portfolio with international medical exports

CompareAfter-hours close

CompanyPriceChange
Cronos Group$3.38+0.14%$1.26B18.756.37.0+63.8%
Tilray Brands$4.59+0.17%$513.3M0.4+25.5%
Canopy Growth$0.9900−1.88%$421.9M0.8+8.4%
Organigram Global$1.20−1.99%$171.0M2.749.60.7+43.3%
Aurora Cannabis$4.01+0.25%$248.4M1.2−26.5%
InterCure$5.78+1.05%$68.5M0.8
Village Farms International$2.95+1.90%$354.5M15.514.61.5+6.8%
Median9.132.10.8+8.4%