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Mar 31, 2020
Cronos Q1 2020 Earnings Report
Cronos Group's first quarter business results for 2020 were announced.
Key Takeaways
Cronos Group focused on core strategic initiatives to drive long-term growth. They moved closer to entering the Israeli medical cannabis market and continued to launch innovative products, adapting to an online-first distribution model. Despite COVID-19 challenges, the company remains agile and focused, progressing with product innovation and R&D projects.
Cronos Group moved closer to officially entering the Israeli medical cannabis market.
The company launched PEACE NATURALS™ branded cannabis vaporizer devices for the direct-to-consumer market in Canada.
Lord Jones™ brand introduced Acid Mantle Repair CBD Moisturizer to the U.S. market.
Natuera completed key operational milestones and began test exports to the U.S. hemp-derived market.
Forward Guidance
Cronos Group is confident that 2020 will be a successful building year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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