TSX:CRON - Post Discussion
Post by
AwareInvestor on Mar 01, 2021 9:52am
Raymond James: Cronos Financials A “Relative Non-Event”
On February 26th, Cronos Group reported fourth quarter and full year financial results. The company reported fourth quarter total revenue of C$17 million, a 50% increase quarter over quarter, while also reporting negative gross margins of 87% or -C$14.9 million. Adjusted EBITDA came in at -C$53.1 million. For the full year, Cronos reported net revenues of $46.7 million, an almost 100% increase year over year; adjusted EBITDA came in at -C$147.3 million for the full year.
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