Yahoo Finance Cronos Group, First Cannabis Company to Trade on the NASDAQ Prepares for Growth as a Leader in the Legal Cannabis Sector
NEW YORK, NY / ACCESSWIRE / June 14, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on Cronos Group Inc. (CRON), a geographically diversified and vertically integrated cannabis group. The Company operates two wholly-owned Canadian licensed producers regulated under Health Canada's Access to Cannabis for Medical Purposes Regulations: Peace Naturals Project Inc., which was the first non-incumbent medical cannabis license granted by Health Canada, and Original BC Ltd., which is based in the Okanagan Valley, British Columbia.
On May 15th, the company announced financial results for the first quarter ending March 31, 2018. The company reported Q1 2018 total sales of $2.9 million, up 473% year-over-year Cannabis oil sales represent 29% of domestic medical patient revenue in Q1 2018.
CRON growth strategy, analyst review and target READ MORE
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CRON recently announced that trading of its common shares in Canada would be elevated from the TSX Venture Exchange to the Toronto Stock Exchange. Additionally, In February 2018, Cronos Group became the first licensed producer to list on a major stock exchange in the United States. The Company's common shares trade on the NASDAQ under the trading symbol "CRON."
The Company has multiple international production and distribution platforms including Germany, Israel, and Australia. The Company is rapidly expanding its global footprint as it focuses on building an international iconic brand portfolio and developing the disruptive intellectual property.
Financial data, corporate highlights, and growth factors available in this report READ MORE
Copy and paste to your browser may be required to view the report - https://tradersnewssource.com/cronos-group/
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