Added to YB: 2024-08-16
Pitch date: 2024-08-14
CRON [bullish]
Cronos Group Inc.
+37.97%
current return
Author Info
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Company Info
Cronos Group Inc., a cannabinoid company, engages in the cultivation, production, distribution, and marketing of cannabis products in Canada, Israel, and internationally.
Market Cap
CAD 940.9M
Pitch Price
CAD 2.37
Price Target
38.00 (+1062%)
Dividend
N/A
EV/EBITDA
-27.96
P/E
31.96
EV/Sales
1.27
Sector
Pharmaceuticals
Category
growth
Cronos Group Update: A multi-bagger in the making?
CRON: Dominant Canadian cannabis LP, 46% YoY rev growth, 23% GM (+700bps). $800M cash, positive CFO. Market leader w/ Spinach brand (16% edibles share). Consolidation, excise tax reform = huge upside. Int'l expansion potential. EV <1x NTM sales. Potential multi-bagger w/ pricing upside, market growth, margin expansion. Long-term $20B+ mkt cap possible.
Read full article (10 min)