Sector: Healthcare | Industry: Pharmaceuticals |
Company Contact | |
Address: | 111 Peter Street, Unit 300 TORONTO ON M5V 2H1 |
Tel: | N/A |
Website: | https://thecronosgroup.com |
IR: | See website |
Key People | ||
James Holm Chief Financial Officer | Shannon Buggy Senior Vice President, Global Head of People | John Griese Senior Vice President, Head - Operations (North America) |
Anna Shlimak Senior Vice President, Corporate Affairs and Strategy | Arye Weigensberg Senior Vice President, Head of Research & Development | Terry Doucet General Counsel and Corporate Secretary |
Ran Gorelik General Manager, Cronos Israel | Jeffrey David Jacobson Chief Growth Officer |
Business Overview |
Cronos Group Inc. is a Canada-based global cannabinoid company engaged in building intellectual property by advancing cannabis research, technology and product development. The Company's segments include United States and Rest of World. The United States operating segment consists of the manufacture and distribution of hemp-derived CBD infused products. The Rest of World operating segment is involved in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products for the medical and adult-use markets. The Company's international brand portfolio includes Spinach, PEACE NATURALS, and Lord Jones. The Lord Jones are hemp-derived cannabidiol (CBD) brand. Its Lord Jones Hash Fusions is a line-up of premium ice water hash infused pre-rolls. Its PEACE NATURALS offers Peppermint CBD, a blend of CBD extract, quality medium-chain triglycerides (MCT) oil, and a hint of natural peppermint flavor. |
Financial Overview |
For the fiscal year ended 31 December 2023, Cronos Group Inc revenues increased 1% to $87.2M. Net loss before extraordinary items decreased 55% to $69.8M. Revenues reflect Canada segment increase of 15% to $64.7M, Other countries segment increase from $0K to $1.4M. Lower net loss reflects Impairment loss on other investments decrease of 62% to $23.4M (expense), Interest income, net increase from $22.5M to $51.2M (income). |
Employees: | 626 as of Dec 31, 2021 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $118.40M as of Dec 31, 2023 |
Annual revenue (TTM): | $120.07M as of Dec 31, 2023 |
EBITDA (TTM): | -$99.76M as of Dec 31, 2023 |
Net annual income (TTM): | -$97.09M as of Dec 31, 2023 |
Free cash flow (TTM): | -$61.94M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 382,011,178 as of Apr 11, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |