Added to YB: 2025-06-24
Pitch date: 2025-06-21
CRON [bullish]
Cronos Group Inc.
+64.31%
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 2.55
Price Target
3.28 (-27%)
Dividend
N/A
EV/EBITDA
-27.96
P/E
31.96
EV/Sales
1.27
Sector
Pharmaceuticals
Category
value
Deeply undervalued, negative EV net-net; growing and producing FCF - Cronos Group Inc.
CRON: Negative $70M EV ($840M cash vs $720M mkt cap). Canadian cannabis gummy leader with 20% share via Spinach brand. Q1 revenue +28%, EBITDA margin 7%, GM improving to 44%. FCF positive in 2024. $50M buyback announced. Altria owns 40%, potential acquirer. PT $3.28 (75% upside) based on $2.09 adj. book value + OpCo at 10x FCF. US legalization upside.
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