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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
Cronos
Cronos
Cronos Revenue by Segment
Cronos Revenue by Geographic Location
Revenue by Segment
United States Revenue
CapyFin.comRest of World Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comRest of World Revenue
CapyFin.com Forward Guidance
No specific forward guidance provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income