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Cronos Group Inc T.CRON

Alternate Symbol(s):  CRON

Cronos Group Inc. is a Canada-based global cannabinoid company engaged in building intellectual property by advancing cannabis research, technology and product development. The Company’s segments include United States and Rest of World. The United States operating segment consists of the manufacture and distribution of hemp-derived CBD infused products. The Rest of World operating segment is involved in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products for the medical and adult-use markets. The Company’s international brand portfolio includes Spinach, PEACE NATURALS, and Lord Jones. The Lord Jones are hemp-derived cannabidiol (CBD) brand. Its Lord Jones Hash Fusions is a line-up of premium ice water hash infused pre-rolls. Its PEACE NATURALS offers Peppermint CBD, a blend of CBD extract, quality medium-chain triglycerides (MCT) oil, and a hint of natural peppermint flavor.


TSX:CRON - Post by User

Post by Oldweedon Jun 12, 2020 9:27pm
320 Views
Post# 31145785

We Have the Right Model

We Have the Right ModelIf there was any doubt just pay attention to what you see going on with the CGC, Constellation is trying to right the ship and has made big moves and right downs to achieve a new asset light model, this should sound familiar to CRON investors..see below.

Cronos also has a different approach than most of its peers that many investors will like. The company has an asset-light strategy. CEO Michael Gorenstein said in Cronos' Q3 conference call in November that "our business model is not to be the farmer." Instead, Cronos' approach is to create shareholder value through research and development and building brands -- which is similar to what Altria has done in the tobacco market.

One example of Cronos Group's asset-light R&D strategy is its partnership with Ginkgo Bioworks. The two companies are working together to develop high-quality cannabinoids using fermentation processes, which could drastically lower the cost for producing cannabinoids compared to current extraction methods.

https://www.fool.com/investing/2020/01/25/better-marijuana-stock-aurora-cannabis-vs-cronos-g.aspx

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