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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 operates through one segment, which is comprised of operations in Canada and Israel and 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 Spinach brand offers pre-rolls infused with cold-filtered cannabis extract and coated in kief, and all-in-one disposable vapes. The Lord Jones is a hemp-derived cannabidiol (CBD) brand. Its Lord Jones Hash Fusions are a line-up of premium ice water hash infused pre-rolls. This brand also offers vapes and edibles. Its PEACE NATURALS offer 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

Bullboard Posts
Post by roooon Feb 04, 2019 10:26pm
142 Views
Post# 29318581

Wow what a day,,,

Wow what a day,,,
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What happened

Three top Canadian marijuana stocks enjoyed big moves on Monday. Shares of  Aurora Cannabis (NYSE: ACB) jumped 7.4% as of 2:38 p.m. EST after rising as much as 12.7% earlier in the day.  Tilray (NASDAQ: TLRY) moved 5.5% higher after racking up a 9.7% gain earlier. The biggest winner, though, was  Cronos Group (NASDAQ: CRON) , which soared as much as 20.6% before settling down to a 12.7% increase on Monday.

Neither Cronos Group nor Tilray announced any news. Aurora's only development related to its partner,  Radient Technologies , receiving a standard processing license from Health Canada. So why did these three stocks rise?

The most likely factor behind the solid gains is increasing confidence in the prospects for the global cannabis industry. The Canadian recreational marijuana market is just getting cranked up. Global medical marijuana markets continue to expand. The U.S. legalization of hemp opens the door for a major new market for the big Canadian producers. And there are encouraging signs about the potential for changes to U.S. federal marijuana laws in the not-too-distant future


Bullboard Posts