Cronos Group Inc T.CRON

Cronos Group Finally Files Q3 Results, Announces Business Re

[AwareInvestor]

It may be more than three months later than initially expected, but Cronos Group this morning finally released its third quarter financial results. The firm reported net revenues of $20.4 million, as well as significant impairments that were amended to the firms second quarter results.

https://thedeepdive.ca/cronos-group-finally-files-q3-results-announces-business-realignment/

[Ghostinthedark]

And so, since we don't know the impairment figures for Q2, I believe the stock will sink much lower than the recent 4 1/2 year low of $.3.95 CDN (Nov. 2017). It's interesting how the stock is run up and down prior to earnings---when any informed trader or investor knows that CRON would report a significant impairment charge for Q3. Now, we know that CRON must revise its Q2 earnings

[tired8]

It should be good for a swing trade.

[UniqueKitty]

A $255,000,000 reduction of cash in one year is a lot if pain for very little gain. That big fat bank account will disappear quicker than you might expect if they don't make some prudent acquisitions and/or drastic changes to their corporate structure.  Sitting on a big bag of cash while it dwindles away is not a business plan. cheers