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Sep 30, 2020
Cronos Q3 2020 Earnings Report
Announced Q3 2020 business results with revenue increase driven by growth in Canadian cannabis market, Redwood acquisition, and Israeli medical cannabis market.
Key Takeaways
Cronos Group reported a net revenue of $11.4 million, a gross loss of $1.5 million, and an operating loss of $41.2 million for Q3 2020. The company saw revenue growth primarily driven by the Canadian cannabis market, the Redwood acquisition, and the Israeli medical cannabis market.
Net revenue of $11.4 million in Q3 2020 increased by $5.6 million from Q3 2019.
Gross loss of $1.5 million in Q3 2020 decreased by $1.6 million from Q3 2019.
Reported operating loss of $41.2 million in Q3 2020 increased by $10.5 million from Q3 2019.
Kurt Schmidt appointed President and CEO; Mike Gorenstein appointed Executive Chairman
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
No specific forward guidance provided in the earnings report.
Revenue & Expenses
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Avg. Return Before/After Earnings
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