Cronos Group
Branded cannabis portfolio across Canada, Israel, and other international markets.
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Profile
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
Categories
Key statistics
Year to date +25.0% · Average volume (30d) 1.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Jan 14, 2026 | Bernstein | Target | $2.30 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next 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 | $0.01 | 0.0% | $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% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 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 margin | 42.6% | 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
Revenue by geography · Q2 FY26
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
Shares outstanding 373.66M · Float 192.24M · 51.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Michael Ryan Gorenstein · director, officer: See remarks below | 13.21M | 3.54% | Form 4 | Mar 17, 2026 |
| D. E. Shaw & Co., Inc. | 8.84M | 2.37% | 13F | Aug 14, 2026 |
| Chescapmanager LLC | 7.94M | 2.13% | 13F | Aug 14, 2026 |
| Toroso Investments, LLC | 3.77M | 1.01% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 3.05M | 0.82% | 13F | Aug 11, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Tilray Brands
Canadian adult-use, medical, and international cannabis portfolio
- Canopy Growth
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- 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
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cronos Group | $3.38 | +0.14% | $1.26B | 18.7 | 56.3 | 7.0 | +63.8% |
| Tilray Brands | $4.59 | +0.17% | $513.3M | — | — | 0.4 | +25.5% |
| Canopy Growth | $0.9900 | −1.88% | $421.9M | — | — | 0.8 | +8.4% |
| Organigram Global | $1.20 | −1.99% | $171.0M | 2.7 | 49.6 | 0.7 | +43.3% |
| Aurora Cannabis | $4.01 | +0.25% | $248.4M | — | — | 1.2 | −26.5% |
| InterCure | $5.78 | +1.05% | $68.5M | — | — | 0.8 | — |
| Village Farms International | $2.95 | +1.90% | $354.5M | 15.5 | 14.6 | 1.5 | +6.8% |
| Median | 9.1 | 32.1 | 0.8 | +8.4% |








