Added to YB: 2024-11-15
Pitch date: 2024-11-15
CRON [bullish]
Cronos Group Inc.
+33%
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 1.2B
Pitch Price
CAD 2.03
Price Target
N/A
Dividend
N/A
EV/EBITDA
-36.30
P/E
34.60
EV/Sales
3.58
Sector
Pharmaceuticals
Category
value
Actionable Ideas Update - 11/14/2024 - Cronos Group Inc.
CRON: Net-net growing 38% YoY to $34.4m Q3 rev. EBITDA -$6m vs -$15m prior Q. #1 brand in Canada, 17.2% edibles share. $862m cash vs $800m market cap. 30% excise tax burden. Growing market share amid price depression. Awaiting industry rationalization & regulatory reform. Potential Trump admin cannabis support.
Read full article (4 min)