Added to YB: 2024-03-14
Pitch date: 2024-03-13
CRON [bullish]
Cronos Group Inc.
+66.3%
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 2.70
Price Target
N/A
Dividend
N/A
EV/EBITDA
-27.96
P/E
31.96
EV/Sales
1.27
Sector
Pharmaceuticals
Category
value
Cronos Group Inc. - $CRON
CRON: Net-net opportunity in hated cannabis co. Strong brands (Spinach #2 in Canada), growing revs, near breakeven. $840M cash ($50M interest income), valuable hidden assets. Altria owns 41%, provides cost of capital & distribution edge for eventual US entry. Upside: regulatory reform, int'l growth. Risks: capital allocation.
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