Cronos Group Inc. CRON
- Market cap
- $1.2B
- P/E
- 16.7×
Follow CRON
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | 5.12 | 6.04 | 4.00 | 3.79 | 2.45 | 1.64 | 1.86 | 1.60 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| — | — | 15.30 | 25.10 | 9.15 | 15.83 | 4.31 | 2.64 | 3.14 | 3.43 |
High Price
|
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| 74 | 148 | 291 | 631 | 665 | 626 | 447 | 356 | 459 | 610 |
Employees
|
|||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
|
|||
| 0 | 3 | 12 | 24 | 47 | 74 | 87 | 87 | 118 | 147 |
Revenue
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|||
| 359.64% | 177.12% | 51.26% | (74.09%) | (55.29%) | (23.56%) | 17.79% | 13.65% | 21.42% | 42.81% |
Gross Margin
|
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| (1) | 2 | (22) | 1,166 | (73) | (397) | (121) | (74) | 37 | (17) |
EBT
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| (317.25%) | 68.32% | (179.99%) | 4,909.21% | (156.84%) | (533.53%) | (139.49%) | (84.44%) | 31.11% | (11.68%) |
EBT Margin
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| (1) | 2 | (22) | 1,166 | (75) | (397) | (169) | (75) | 40 | (3) |
Net Income
|
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| 0 | 1 | 2 | 4 | 11 | 15 | 13 | 8 | 9 | 14 |
Depreciation
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| 0.01 | 0.02 | 0.07 | 0.08 | 0.13 | 0.20 | 0.23 | 0.23 | 0.31 | 0.38 |
Revenue/Sh
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| (0.01) | 0.01 | (0.13) | 3.76 | (0.21) | (1.07) | (0.45) | (0.19) | 0.11 | (0.02) |
Earnings/Sh
|
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| (0.06) | (0.03) | (0.04) | (0.42) | (0.41) | (0.41) | (0.24) | (0.11) | 0.05 | 0.07 |
Cash Flow/Sh
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| (0.01) | (0.24) | (0.51) | (0.13) | (0.10) | (0.03) | (0.01) | (0.01) | (0.03) | (0.07) |
Capex/Sh
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| (0.08) | (0.28) | (0.56) | (0.55) | (0.51) | (0.45) | (0.25) | (0.12) | 0.01 | 0.00 |
Free CF/Sh
|
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| 0.33 | 0.49 | 0.86 | 5.64 | 4.86 | 3.60 | 3.03 | 2.88 | 2.91 | 2.98 |
Book Value/Sh
|
|||
| 78 | 135 | 172 | 310 | 352 | 370 | 377 | 381 | 382 | 383 |
Shares
|
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| 769.70 | 769.70 | 0.00 | 1.93 | 0.00 | 0.00 | 0.00 | 0.00 | 19.52 | 0.00 |
PE Ratio
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| 326.22 | 326.22 | 147.67 | 100.14 | 52.23 | 19.51 | 10.86 | 9.21 | 6.56 | 6.88 |
PS Ratio
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| 15.42 | 15.42 | 12.05 | 1.36 | 1.43 | 1.09 | 0.83 | 0.73 | 0.69 | 0.88 |
PB Ratio
|
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| 325.50 | 325.50 | 145.70 | 37.04 | 24.83 | 6.14 | 0.79 | (0.63) | (0.73) | 1.22 |
EV/Sales
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| (27.54) | (27.54) | (18.38) | (5.20) | (6.44) | (2.75) | (0.73) | 1.19 | (15.00) | (940.25) |
EV/FCF
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| (5) | (4) | (8) | (130) | (145) | (154) | (89) | (43) | 19 | 26 |
Op' Cash Flow
|
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| (1) | (33) | (89) | (39) | (35) | (12) | (5) | (3) | (13) | (26) |
Capex
|
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| (6) | (37) | (96) | (169) | (180) | (166) | (94) | (46) | 6 | 0 |
FCF
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| 0 | 15 | 7 | 1,240 | 1,165 | 1,025 | 892 | 892 | 886 | 896 |
Working Cap'
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| 3 | 4 | 0 | 7 | 10 | 9 | 4 | 2 | 1 | 1 |
Total Debt
|
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| 0 | (3) | (24) | (1,499) | (1,280) | (995) | (874) | (860) | (858) | (831) |
Net Debt
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| 25 | 67 | 149 | 1,749 | 1,708 | 1,334 | 1,141 | 1,096 | 1,111 | 1,143 |
Sh' Equity
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| (1.52%) | 3.48% | (16.55%) | 102.60% | (3.64%) | (23.84%) | (12.93%) | (6.29%) | 3.56% | (0.80%) |
ROA
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| (3.89%) | (1.60%) | (10.70%) | (30.22%) | (26.17%) | (36.30%) | (25.24%) | (22.44%) | (18.89%) | (3.34%) |
ROIC
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| (1.91%) | 4.17% | (20.11%) | 122.95% | (4.23%) | (26.04%) | (13.63%) | (6.61%) | 3.72% | (0.84%) |
ROE
|
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Cronos Group Inc. peers in Drug Manufacturers Specialty & Generic
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| HROW Harrow, Inc. | $1.2B | 0.0× | Compare |
| AMPH Amphastar Pharmaceuticals, Inc. | $1.1B | 15.0× | Compare |
| PAHC Phibro Animal Health Corporation | $1.4B | 14.0× | Compare |
| PCRX Pacira BioSciences, Inc. | $1.0B | 71.8× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| XERS Xeris Biopharma Holdings, Inc. | $1.6B | 0.0× | Compare |
| ANIP ANI Pharmaceuticals, Inc. | $1.7B | 15.3× | Compare |
| ETON Eton Pharmaceuticals, Inc. | $1.7B | 123× | Compare |
| COLL Collegium Pharmaceutical, Inc. | $737.1M | 14.7× | Compare |
Cronos Group Inc. (CRON) key facts
- Cronos Group Inc. (CRON) is a Drug Manufacturers Specialty & Generic company in the Healthcare sector, listed on Nasdaq.
- Cronos Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was CAD 146.6 million, up 24.6% from fiscal 2024.
- Cronos Group Inc. reported a net loss of CAD 2.9 million, or a loss of CAD 0.02 per share, for fiscal 2025.
- As of September 25, 2026, CRON traded at $3.34, a market capitalization of $1.2 billion.
- At that price the stock trades at 16.7× trailing-twelve-month earnings and 7.0× sales.
- Return on equity was −0.84% and debt-to-equity 0.00.
Cronos Group Inc. (CRON) Latest News
24 Sep
Cronos Group outlined a growth-and-cash strategy centered on scalable, purpose-built cultivation and global expansion, led by its GrowCo greenhouse partnership with Mucci Farms in Kingsville, Ontario. Second phase is fully planted and utilized, with ongoing gains from automation, genetics and operating efficiencies; no announced further expansion at this time. A focus on proprietary genetics and a 'hero brands' approach supports products across flower, edibles, vapes and pre-rolls, including Spinach, Lord Jones, Peace Naturals and LIT. Tissue-culture capabilities are used to improve yield and disease control. Spinach is among Canada’s top cannabis brands; SOURZ by Spinach, and Spinach PUFFERZ are strong performers. International growth targets include Israel and Europe, with international flower revenue rising to $15 million in H1 2026. Revenue up 58% YoY in the latest quarter, six straight quarters of positive adjusted EBITDA, CAD 827 million cash and no debt. Management cites regulatory changes as near-term risk. Strong cash position, six quarters of positive EBITDA, and scalable cultivation plus genetics initiatives could meaningfully lift growth and margins.
Cronos Group Inc. announced it is hosting its first Investor Day on September 24, 2026, at its Cronos Growing Company facility in Kingsville. The event will be webcast at 12:00 p.m. ET with live registration online; presentation materials available on Cronos' Investor Relations site under Events & Presentations. A recording will be archived on the site for 12 months after the event. Cronos describes itself as a global cannabis company focusing on scaling consumer goods through R&D and innovation, building an iconic brand portfolio that includes Spinach, PEACE NATURALS, LIT, and Lord Jones. For more information, media and investor contacts are listed. Investor Day provides strategic communication potential but offers no immediate financial or product disclosures.
22 Sep
Cronos Group (TSX: CRON) is presented as a financially fit cannabis producer with about $179 million in revenue and a market cap near $1.7 billion. Backed by substantial cash reserves and zero debt, Cronos is positioned to deploy capital into R&D, strategic investments (including a High Tide convertible loan and warrant package), and biosynthetic/next-generation cannabinoids to build IP-driven revenue and potentially higher gross margins. A shift in future cash allocation is described as capable of changing margins and long-run pricing power, potentially decoupling Cronos from typical penny stock assumptions. The piece uses Cronos as a core example within the Financially Fit Penny Stocks screen, which also highlights Omai Gold Mines and McChip Resources and notes a broader universe of 343 similarly robust ideas. A general disclaimer clarifies the analysis is not financial advice. Capital deployment into R&D and strategic investments with zero debt could materially affect margins and growth.
Two cannabis stocks—Trulieve Cannabis and Cronos Group—are up about 27% in 2026 through Sept. 18, outperforming the S&P 500’s ~12% rise. Trulieve, now NYSE-listed after restructuring around medical facilities, posted Q2 revenue of $271 million with a 60% gross margin and $109 million in operating cash flow; free cash flow was $74 million, and cash on hand reached $325 million. Cronos posted Q2 revenue of $53 million, up 58% YoY (51% organic constant-currency), with gross profit of $28.5 million and 54% gross margin. Its Spinach brand remains Canada’s No. 1 in vapes and edibles; Israel’s Peace Naturals delivered its 10th straight quarter of record revenue, and international revenue rose 88% led by Germany. Cronos ended June with about $827 million in cash/investments and bought back 12.3 million shares in H1 2026. Risks include pricing pressure and regulatory changes across multiple countries. Strong cash position, international growth, and buybacks support Cronos' trajectory despite regulatory and pricing headwinds.
14 Sep
Cronos Group (CRON) returns to profit amid renewed trade threat. Profit recovery strengthens finances while trade threat introduces moderate operational and market risks.
2 Sep
Cronos Group Inc.'s Spinach brand expands its best-selling edibles and vapes lineups. Edibles and vapes line expansion may moderately influence Cronos product innovation and sales.
6 Aug
Cronos Group Inc posted record revenue in Q2 2026 earnings call along with strategic updates. Record revenue signals strong financial growth that can shift investor sentiment and company trajectory.
Cronos Group swung to a US$32 million quarterly profit, driving a 6.4% rise in its stock price. Swing to quarterly profit improves near-term financials and lifts share price without indicating lasting strategic shifts.
Cronos Group Inc. held its Q2 earnings call covering financial results, operational updates, revenue performance, losses, and cannabis business developments. Q2 earnings figures and guidance directly shape near-term investor views on financial trajectory.
Cronos Group Inc. (CRON) beat Q2 earnings and revenue estimates. Beating quarterly estimates lifts near-term investor sentiment and stock performance.
Cronos Group Inc. (CRON) released its second quarter 2026 financial results. Quarterly results release key metrics that can shift near-term investor sentiment and valuation.
21 Jul
Cronos expands SOURZ by Spinach edibles lineup with new product additions. Edibles line expansion signals product innovation with moderate effects on positioning.
24 Jun
Cronos Group Inc. expands international operations in cannabis sector, prompting assessment of CRON shares as potential investment. Global footprint expansion moderately boosts market access and revenue outlook for Cronos.
16 Jun
Cronos Group Inc. extends its share repurchase program to the Toronto Stock Exchange. Share repurchase extension offers moderate ongoing support to CRON stock via reduced float and investor signaling without altering core operations.
11 Jun
Cronos Group's Spinach brand reaches number one position among vape products in Canada. Number one ranking strengthens Spinach market share and Cronos revenue outlook in Canada.
31 May
Cronos Group Inc (CRON) stock rose ahead of Q1 results. Uncertainty remains whether the rally will extend once quarterly numbers are released. Q1 earnings release can shift near-term sentiment and valuation for CRON but is unlikely to alter long-term trajectory.
18 May
Cronos expands Spinach STIX pre-rolls lineup while targeting greater Canadian market share. Pre-roll product expansion targets incremental Canadian market gains for Cronos.
12 May
Cronos Group Inc. (CRON) delivered record revenue and outlined strategic growth in its Q1 2026 earnings call. Record revenue and strategic growth represent major financial and expansion milestones poised to boost market performance.
11 May
Cronos Group reported Q1 revenue of $25.5 million, up 22% year-over-year, with gross margin improvement to 52%. Net loss narrowed to $33.2 million. Company highlighted U.S. expansion via spinach acquisition, new product launches, and raised full-year revenue guidance to $340-360 million. CEO emphasized focus on high-margin segments and international growth. Q1 results show revenue growth and improved margins but persistent losses, offering moderate influence on financial trajectory and investor sentiment.
Cronos Group Inc. (CRON) reported first quarter 2026 results. Quarterly earnings directly affect financial metrics and investor sentiment.
6 May
Cronos Group Inc. expands its pre-roll portfolio with the launch of Spinach STIX®, enhancing its cannabis product offerings. Pre-roll portfolio expansion via Spinach STIX targets key cannabis segment growth and competitive positioning.
27 Apr
U.S. marijuana rescheduling reignites investor interest in Cronos Group, prompting a fresh valuation assessment amid potential market opportunities. U.S. marijuana rescheduling signals major regulatory progress that could unlock significant growth for Cronos Group in the cannabis sector.
23 Apr
Trump plans to reclassify marijuana from Schedule 1 as soon as Wednesday, easing federal restrictions and boosting cannabis firms like Cronos Group (CRON), but prediction markets show heavy skepticism with low odds of quick action. Marijuana rescheduling would unlock banking access and slash 280E taxes for Cronos Group, significantly enhancing its operations and stock performance.
Tilray shares surged 10% as momentum builds for cannabis rescheduling, with traders awaiting official confirmation. Cannabis rescheduling momentum signals major regulatory shifts benefiting Cronos Group's competitive landscape and investor sentiment.
11 Apr
Cronos Group (TSX:CRON) narrative shifts positively around improving growth margins and upward revisions to valuation targets. Shifting narrative on growth margins and valuation targets likely drives significant investor sentiment and performance gains.
31 Mar
Altria stock faces its major long-term risk in 2026 from its substantial investment in Cronos Group amid stalled cannabis market growth and regulatory hurdles. Altria's key 2026 risk tied to Cronos investment signals major headwinds for Cronos' growth and stock performance.
23 Mar
Cronos Group CEO at conference announces plans for supply expansion, spinach innovation, and expresses caution on U.S. reform. Supply expansion and spinach innovation signal moderate operational growth, offset by U.S. reform caution.
15 Mar
Cronos Group (TSX:CRON) narrative shifts toward brands' profitability and valuation, highlighting improved financial outlook and market reassessment. Narrative shift on brands' profitability and valuation likely drives significant investor sentiment and stock re-rating.
6 Mar
Cronos Group (CRON) released Q4 2025 earnings snapshot highlighting financial results. Q4 2025 earnings directly impact financial performance, investor sentiment, and stock trajectory.
3 Mar
Cronos Group Inc. (CRON) receives Buy rating and C$4.50 price target from analysts, citing its scalable business model. Buy rating and C$4.50 price target underscore scalable model, moderately influencing investor sentiment and stock performance.