Cronos Group Inc T.CRON

Cronos: The burning train

[Silentbull]

The results today were so pathetic that it was surprising not to see even a small glimmer of hope. It was like selling a $100 dollar bill for 90 dollar and getting a revenue of 9000 dollars by selling 100 units. Ashtonishing is the accounting cost is equal to the negative revenue generated.
How in the world can someone run this kind of a business? Whats Altria doing while their money is being burnt like there is no tomorrow.
This thing is completely unsustainable and its just a matter of time before it folds forever, so lame.
Atleast Canopy, Aurora, Aphria, Zenabis and others have meaningful revenues are working to be EBITDA positives. Cronos is simply a burining train, get off unless you wanna get burnt in it.

[Cashtown]

Ouch! Glad I sold when I did before Q2 rev's and moved it all over to ZENA. Best play possible at the moment imo.

[chrome2017]

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[Cashtown]

Ya, no kidding. For anyone on the fence, ZENA is a great move. I sold here and moved it to ZENA, bought at 0.10 and already up $5k. Not much, but better than what was happening here. And fins are coming out next week, ride ZENA up, got a new CEO from McCains/Wrigley's and a whole lot of potential. Stop thinking about it, come make money!!

[Way2TgO]

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[Nonyah]

Cronos Group Plunges On $107 Million Loss , also reported a $40-million impairment charge related to a cannabidiol deal with CBD brand Lord Jones and a $35.9-million non-cash loss related to an investment from cigarette conglomerate https://www.thecannabisinvestor.ca/cannabis-countdown-top-10-marijuana-and-psychedelic-stock-news-stories-of-the-week-22/

[Matteo1234]

I think Cronos is taking an unique angle to the cannabinoids. Hence the investment in Ginko. Raymond James says that's worth about $5.00 a share. In that case . Strong Buy shabangles.