CRON · NASDAQ · Drug Manufacturers - Specialty & Generic

Cronos Group (CRON)

Branded cannabis portfolio across Canada, Israel, and other international markets.

$3.44
vs last close+0.10 (+3.15%)
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Cronos Group Inc.CRON
Health Care

Sells cannabis flower and extracts under Spinach, PEACE NATURALS, and Lord Jones across Canada, Israel, and other international markets. Its current consumer-brand business follows exits from U.S. hemp-derived products and fermentation-based manufacturing.

Sells branded cannabis products through Spinach, PEACE NATURALS, and Lord Jones, including flower, pre-rolls, vaporizers, edibles, and tinctures in their applicable markets. Revenue comes from cannabis flower and extracts in Canada, Israel, and other international markets. Its portfolio spans multiple legal-market product forms.

Operates after a multiyear reset that ended U.S. hemp-derived cannabinoid sales and fermentation-based cannabinoid manufacturing. Current operations are organized around legal cannabis markets and consumer brands rather than former hemp and fermentation businesses. A proposed acquisition of Dutch CanAdelaar remained pending, subject to regulatory and other closing conditions.

Company facts

CEOMichael Gorenstein
ListedFeb 27, 2018
ExchangeNASDAQ
HeadquartersStayner, ON
CountryCanada
Employees610
CIK0001656472
ISINCA22717L1013

Market cap$1.24B
EPS (ttm)$0.1811
P/E (ttm)18.39
ROE6.5%
P/B1.16
P/S5.12
Dividend yieldDiv yield
Beta0.72vs XLV 0.21

Price target$2.90−12.9%Average of 15 analysts
ConsensusHold9 of 15 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jan 14, 2026BernsteinTarget
Target:
Target: $2.30

Next report
Nov 5, 26
in 44 days
EPS estimate
$0.03
Revenue estimate
$49.5M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$0.11$0.02−$0.10$0.07$0.00$0.04$0.09Pending
Estimate−$0.01$0.01−$0.02$0.02$0.01$0.01$0.01$0.03
Surprise+1,200.0%+99.6%−400.0%+250.0%−147.0%+700.0%+800.0%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$30.5M$33.6M$33.5M$36.3M$44.5M$45.2M$53.0MPending
Estimate$34.9M$31.7M$32.9M$37.3M$38.7M$42.2M$44.2M$49.5M
Surprise−12.6%+6.0%+1.7%−2.6%+15.0%+7.1%+19.9%
Estimate$0.03
ReportedDue Nov 5, 2026
Estimate$49.5M
ReportedDue Nov 5, 2026
View details

Debt to equity0.10%
Current ratio1,618.10%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$34.3M$30.3M$32.3M$33.5M$36.3M$91.3M$44.6M$70.6M
Net income$8.3M$43.7M$6.1M−$39.7M$26.0M−$1.8M$13.6M$32.1M
Net margin24.4%144.3%19.0%0.0%71.4%0.0%30.4%45.4%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$33.7M−$11.4M−$4.1M−$5.3M−$503.0K$7.0M−$1.4M$7.4M
YoY growthLoss widenedLoss narrowedLoss narrowedLoss narrowedLoss narrowedTurned profitLoss narrowedTurned profit

Balance sheet, Jun 30, 2026Cash & short-term investments $797.0M · Total debt $1.3M · Total assets $1.18B · Shareholders' equity $1.07B

Revenue
$70.6M
Operating income
$7.4M
Net income
$32.1M
View details

No dividends on record.

Institutions12.88%47.46M shares
206 holders · as of Jun 30, 2026
Insiders8.20%30.21M shares
12 holders · as of May 14, 2026
Other78.92%290.74M shares
remainder

368.41M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Jason AdlerInsider
4.15%15.28Mfiled Apr 4, 2019
Michael Ryan GorensteinInsiderdirector, officer: See remarks below
3.59%13.21Mfiled Mar 17, 2026
D. E. Shaw & Co., Inc.Institution
2.40%8.84Mas of Jun 30, 2026
Chescapmanager LLCInstitution
2.16%7.94Mas of Jun 30, 2026
Toroso Investments, LLCInstitution
1.02%3.77Mas of Jun 30, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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