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Cronos Group Inc. is an innovative global cannabinoid company that manufactures, markets, and distributes hemp-derived supplements, cosmetic products, and cannabis-derived products for the medical and adult-use markets.

Cronos is an innovative global cannabinoid company committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos is building an iconic brand portfolio. Cronos' diverse international brand portfolio includes Spinach®, PEACE NATURALS® and Lord Jones®.

Altria

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Cronos Group

We’re proud to announce that our award-winning brand, Spinach®, closed 2023 as the number one ranked dried flower brand in Canada*! 
 
Read the press release to learn more: https://lnkd.in/gmfj7R8A 
 
*HiFyre POS Data Q4 2023 - Total Canada Retail Dollar Sales, Ending December 31 2023

We’re excited to announce Sami Nahmias, Warehouse Manager, as our third CRON MVP, our recognition program at Cronos that celebrates our all-star talent.

We spoke with Sami to learn more about his role, and what he enjoys most about working at Cronos.  

Read more to get to know Sami.

Tell us more about your role as a Supply Chain Warehouse Manager. 

Firstly, I want to thank you for being selected as CRON MVP of Cronos Israel. This is very exciting to me, and I was not expecting it. As the warehouse manager of Cronos Israel’s supply chain, it’s a very dynamic job for me. It includes responsibility for storage, transportation, and distribution of the company’s products as well as inventory control and distribution, deliveries, and warehouse staff management. I always work to improve and streamline the work processes while meeting the established goals and striving to reduce damage to the products. I also supervise compliance with safety procedures at Cronos.
 
What do you love most about working at Cronos?
 
The thing I like most about my job is the ability to work with and help people. I like the responsibility of my position and the ability to lead the company to success. I also love to manage the amazing warehouse staff at Cronos Israel.
 
Do you have any advice for anyone looking to join the cannabis industry?
 
When I came to work at Cronos three and a half years ago, I never thought for a moment that I would like the job so much and progress in such a way. My advice to anyone who wants to work and advance in a cannabis company is that it’s a very interesting job and there are opportunities to learn and advance within it.
 
What do you like to do outside of work?

After work hours, I always prep for the next day by getting ahead of upcoming tasks. I enjoy spending time with my family: my children, grandchildren, and my partner.
 
What’s the best advice you’ve been given?
 
Coming to Cronos was the best advice I got. I feel committed to work, and diligent and I don't give up until everything is done for the best. Before I finish a day’s work, I make sure everything is prepped for tomorrow and I ensure that my team is supported.

We’re thrilled that Cronos’ Spinach® brand has won the 2023 ADCANN Canada Award for Best Social Media. Congratulations to everyone at Cronos who makes the Spinach® brand come to life, and a big thank you to everyone who voted for us! 

📸: https://lnkd.in/gJn-mtm6
 
Check out the Spinach® Instagram page: https://lnkd.in/gDmazciB

Congratulations to Alanna Fonseca, Cronos’ Vice President of Marketing & Innovation, who has been named the Marketer of the Year for the 2023 ADCANN Awards in Canada! Alanna leads the teams behind Cronos’ brands Spinach® and Lord Jones®. 

Congratulations, Alanna! 
 
📸: https://lnkd.in/gg-tgZsf

On behalf of our team at Cronos, we wish you a joyous and safe holiday season with your loved ones. May your celebrations be merry and bright. ✨

It's time to go above and beyond. Introducing the new Lord Jones® Pure Live Resin Vapes, featuring two elegant hardware options.
 
Learn more: https://lnkd.in/gfGDf5vG.

Cronos has advanced to the second round of voting for the 2023 ADCANN Awards in Canada! 🎉
 
Keep voting for Cronos daily in the following categories until the final round of voting ends on January 1, 2024: 
-Best Social Media: Spinach® 
-Marketing Campaign of the Year: Spinach® — Wrapped in FEELZ
-Marketer of the Year: Alanna Fonseca

Remember to visit the ADCANN Awards website (https://lnkd.in/ezd7cbh) daily to place your votes. Thank you for your continued support!

We're thrilled to be nominated in four categories for the 2023 ADCANN awards, which celebrates the best-of-the-best in cannabis advertising in Canada. 🎉

You can vote for Cronos in the following categories:
-LP Brand of the Year: Spinach®
-Best Social Media: Spinach®
-Marketing Campaign of the Year: Spinach®: Wrapped in FEELZ
-Marketer of the Year: Alanna Fonseca

Round 1 of voting is open now on ADCANN's website (https://lnkd.in/ezd7cbh). Help us make it to Round 2 by voting for us daily until November 30! 🗳️

Congratulations to all our fellow nominees!

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Cronos Group Reports 2023 Third Quarter Results: https://lnkd.in/gTW4q6Q4 

“By most financial metrics, Q3 2023 was one of the best quarters in Cronos history,” said Mike Gorenstein, Chairman, President and CEO, Cronos. “We achieved our highest net revenue for continuing operations on record at $24.8 million, up 22% year-over-year. The top-line was propelled by 40% growth year-over-year in Canada, driven by strength in pre-rolls, flower and edibles. This robust success in Canada was driven primarily by innovations in our Spinach® brand, and with the Lord Jones® brand now also on the market, we are excited about having a broader portfolio of unique and differentiated products to address consumer needs. Our re-launch in Germany with the Peace Naturals® medical cannabis brand is an exciting step for Cronos to move beyond its existing markets. And just last month, we signed an agreement to ship to Australia. Opening new avenues for growth with operational discipline is our primary focus. Beyond top-line growth initiatives, our teams have done a great job reducing costs across the Company and improving the gross margin profile of the business, which yielded significant improvements in cash flow.”

“The positive results this quarter were overshadowed by the horrific and despicable events that took place in Israel, our second largest operating market,” continued Mr. Gorenstein. “Our thoughts remain with all victims, their loved ones, and all Israelis as they fight to be free from terror today and in the future. Cronos continues to prioritize the safety of our Israeli team members and their families, and we will do everything we can to support them and our patients during this time.”

#CRON

Cronos Group Inc. operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones and Happy Dance brands in the United States. The company is also involved in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products for the medical and adult-use markets. It sells cannabis and cannabis products, including dried cannabis, pre-rolls, edibles, concentrates, and cannabis extracts through wholesale and direct-to-client channels under its wellness platform, PEACE NATURALS; and operates under adult-use brands, Spinach. It also exports dried cannabis and cannabis oils to Germany, Israel, and Australia. Cronos Group Inc. was founded in 2012 and is based in Toronto, Canada.

TSX:CRON

Cronos Group Inc.

Last Close

2.97

30/08 20:00

Market Cap

1.20B

Beta: 1.43

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PE Ratio

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PFCF: −8.96