Added to YB: 2024-11-15
Pitch date: 2024-11-15
CRON [bullish]
Cronos Group Inc.
+61.08%
current return
Author Info
Raging Bull Investments is a lawyer by background who shares actionable investment ideas on value opportunities with a catalyst. Sign up for the newsletter.
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 2.03
Price Target
N/A
Dividend
N/A
EV/EBITDA
-27.96
P/E
31.96
EV/Sales
1.27
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)