CRON.TO - Cronos Group Inc.

Toronto - Toronto Delayed Price. Currency in CAD
20.43
+0.70 (+3.55%)
As of 1:31PM EST. Market open.
Stock chart is not supported by your current browser
Previous Close19.73
Open19.73
Bid20.44 x 0
Ask20.46 x 0
Day's Range19.33 - 20.89
52 Week Range5.96 - 20.89
Volume1,138,624
Avg. Volume1,923,816
Market Cap3.651B
Beta (3Y Monthly)3.43
PE Ratio (TTM)N/A
EPS (TTM)-0.03
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est14.78
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    Reuters3 hours ago

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  • Cronos Group Inc. Announces Mailing of Meeting Materials in Connection with Upcoming Special Meeting of Shareholders
    CNW Group3 days ago

    Cronos Group Inc. Announces Mailing of Meeting Materials in Connection with Upcoming Special Meeting of Shareholders

    TORONTO, Jan. 18, 2019 /CNW/ - Cronos Group Inc. (NASDAQ:CRON - News) (TSX:CRON.TO - News) ("Cronos Group" or the "Company") is pleased to announce that the meeting materials for a special meeting of holders (the "Shareholders") of common shares of the Company (the "Common Shares") to be held on February 21, 2019 (the "Meeting"), including the management proxy circular dated December 31, 2018 (the "Circular"), prepared in connection with the proposed C$2.4 billion equity investment by Altria Group, Inc. (NYSE:MO - News) ("Altria") in Cronos Group (the "Investment") previously announced on December 7, 2018, have been mailed to Shareholders and filed with the relevant Canadian securities regulators.

  • Canadian Stocks Post Their Best Start to the Year Since 1980
    Bloomberg3 days ago

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  • TSX rises 0.61 percent
    Reuters3 days ago

    TSX rises 0.61 percent

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  • Cannabis Stock Roundup: CGC, HEXO, TLRY, and More
    Market Realist3 days ago

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  • ACCESSWIRE4 days ago

    4 Marijuana Stocks Looking To Have A Banner Month

    CORAL GABLES, FL / ACCESSWIRE / January 17,2019 / Marijuana stocks have become one of the hottest topics in the news over the course of the past few years. With the new year in full swing, Leafbuyer Technologies Inc (LBUY), Cronos Group Inc (CRON) (CRON), GW Pharmaceuticals plc (GWPH), and Charlotte's Web Holdings Inc (CWBHF) re 4 pot stocks that could make moves on Thursday. Leafbuyer Technologies Inc (LBUY) is a company worth looking into given that the Company's online platform is the most comprehensive source for cannabis deals and specials, commonly referred to as the "Priceline of Pot," by several sources well-versed in the industry.

  • Mid-Day Movers in the Cannabis Sector: CGC, TLRY, ACB, and More
    Market Realist5 days ago

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    Mid-Day Movers in the Cannabis Sector: CGC, TLRY, ACB, and MoreMid-day moversAround mid-day today, the major cannabis stocks were broadly positive. The Horizons Marijuana Life Sciences ETF (HMMJ) was up almost 1% around noon. Let’s look at how

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  • Aphria Gives Insight into Actual Recreational Cannabis Sales
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  • Marijuana Stocks: Tilray Dives As IPO Lockup Expires; AG Nominee Barr Won't 'Go After' Cannabis Companies
    Investor's Business Daily6 days ago

    Marijuana Stocks: Tilray Dives As IPO Lockup Expires; AG Nominee Barr Won't 'Go After' Cannabis Companies

    Tilray stock tumbled as its IPO lockup expired. William Barr, attorney general nominee, said he would not "go after" marijuana companies operating in states where it is legal.

  • ACCESSWIRE6 days ago

    4 Marijuana Stocks Leading Tuesday's Bull Charge

    CORAL GABLES, FL / ACCESSWIRE / January 15,2019 / Marijuana stocks have had quite a solid week during the beginning of January. American Premium Water Corporation (HIPH), GW Pharmaceuticals plc (GWPH), Cronos Group Inc (CRON) (CRON), and Charlotte's Web Holdings Inc (CWBHF) are 4 pot stocks that are bringing the heat. American Premium Water Corporation (HIPH) is a company you may not have heardof, but could benefit from taking a look at.

  • Tilray Tanks, but Canopy Growth and Aurora Hold Their Gains
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    Tilray Tanks, but Canopy Growth and Aurora Hold Their Gains

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  • Aphria Comments on Short Sellers and Green Growth Yet Again
    Market Realist6 days ago

    Aphria Comments on Short Sellers and Green Growth Yet Again

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    Investor's Business Daily7 days ago

    Marijuana Stock Canopy Growth Soars On 'Industrial' Hemp Move Into New York

    Canopy Growth said it now has a license to produce hemp on an industrial scale in New York state. The marijuana stock jumped.

  • Market Realist7 days ago

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  • ACCESSWIRE7 days ago

    These 4 Marijuana Stocks Could Be Positioned For A Big Year

    CORAL GABLES, FL / ACCESSWIRE / January 14, 2019 / Marijuana stocks have had quite a solid week during the beginning of January. American Premium Water Corporation (HIPH), Isodiol International Inc (ISOLF), Cronos Group Inc (CRON) (CRON), and KushCo Holdings Inc (KSHB) are 4 pot stocks that are bringing the heat. American Premium Water Corporation (HIPH) is a company you may not have heard of, but could benefit from taking a look at.

  • Aphria Sells Cannabis Cheaper than StatsCan’s Reported Averages
    Market Realist7 days ago

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    Aphria Sells Cannabis Cheaper than StatsCan's Reported Averages ## StatsCan report On January 9, StatsCan reported its latest findings for the recreational cannabis market after legalization. StatsCan reported that the average price recreational users paid after legalization in Canada was nearly 8.02 Canadian dollars per gram. However, this data was from a sample of about 385 submissions received by StatsCan. A more accurate place to look for pricing for recreational cannabis could be from companies such as Aphria (APHA), Canopy Growth (WEED), CannTrust (CNTTF), and Tilray (TLRY) themselves. ## Average selling price In the above chart, we see three average prices. The first one is the most recent national average price paid for recreational cannabis. The second one shows the average selling price of 6.3 Canadian dollars including excise tax for Aphria’s adult use cannabis during the second quarter. The third price is the average medical and wholesale price of 7.5 Canadian dollars including excise tax for Aphria’s medical and wholesale product. Clearly, the average selling prices for both adult use and medical cannabis was far lower than what StatsCan reported for its national averages. It is important to sell legalized cannabis at the right price for both the government and companies (HMMJ) including Canopy Growth (WEED), Cronos (CRON), and Tilray (TLRY), as one of the key reasons cited for legalizing cannabis was to eliminate the illicit market. According to the same StatsCan report, the prices in the illicit market prior to the legalization of recreational cannabis averaged 6.83 Canadian dollars.

  • Is Tilray Back in Action for Day Traders?
    Market Realist7 days ago

    Is Tilray Back in Action for Day Traders?

    Is Tilray Back in Action for Day Traders? ## Tilray rose On January 11, Tilray (TLRY) rose almost 19% and closed at $96. Tilray had its best day in 2019 after it fluctuated in 2018. Tilray became one of the hot stocks for day traders and other investors looking to make a quick buck in September when the stock reached a peak of almost $300. In the rest of 2018, Tilray lost its sheen. The stock fell as low as $65 towards the end of 2018. So, what boosted Tilray on January 11? ## Why did Tilray increase? Tilray got a boost from one of its biggest shareholders, whose lock-up period is coming to an end this week. The shareholder indicated that it intends to hold Tilray even after the lock-up period expires. According to a Bloomberg report, Privateer Holdings held nearly 76% of Tilray’s shares. A sale from Privateer Holdings would add as many as 76 million shares to the company’s float. Privateer Holdings doesn’t intend to sell its shares. The company supports Tilray’s global growth strategy. Currently, Tilray has a float of nearly ten million shares, which is significantly low compared to its peers (HMMJ). Aurora Cannabis (ACB) has 929 million shares, Canopy Growth (WEED) has 49 million shares, and Cronos Group (CRON) has 156 million shares. With little hope from Privateer Holdings regarding more shares available for trading, the company might continue to see wide swings in the price, which makes it appealing to day traders. However, Privateer Holdings doesn’t intend to sell Tilray’s share in the first half of 2019. When Privateer Holdings decides to sell Tilray’s share, it will happen in an orderly manner. For ongoing updates, visit Market Realist’s Healthcare page.

  • Cannabis Stocks: CGC, TLRY, CRON, and Others Last Week
    Market Realist7 days ago

    Cannabis Stocks: CGC, TLRY, CRON, and Others Last Week

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  • These 3 Stocks Trounced the Top Marijuana ETFs in 2018, and Here's Why They'll Do It Again This Year
    Motley Fool8 days ago

    These 3 Stocks Trounced the Top Marijuana ETFs in 2018, and Here's Why They'll Do It Again This Year

    Repeat performances could be in store for these big marijuana winners from last year.

  • Analysts Favor ‘Buy’ Ratings on MedMen Enterprises
    Market Realist10 days ago

    Analysts Favor ‘Buy’ Ratings on MedMen Enterprises

    Will 2019 Be a Better Year for MedMen Enterprises? (Continued from Prior Part) ## Analysts’ recommendations Of the six analysts that cover MedMen Enterprises (MMEN) (MMNFF), all are favoring “buys” on its stock. On average, analysts have given MMEN a price target of 8.18 Canadian dollars, which represents a potential upside of 92.9% from its current price of 4.24 Canadian dollars. On December 10, Canaccord Genuity lowered its price target from 7.50 Canadian dollars to 7.00 Canadian dollars. ## Peer comparison Of the 11 analysts that track Canopy Growth (CGC) (WEED), 81.8% have given it “buys,” 9.1% have given it “holds,” and 9.1% have given it “sells.” On average, analysts have a price target of 64.43 Canadian dollars on the stock, which represents a potential upside of 29.3% from its current price of 49.82 Canadian dollars. Of the five analysts that cover Cronos Group (CRON), four analysts have given it “buy” ratings, while one has given it a “hold” rating. On average, analysts have a price target of 19.60 Canadian dollars on the stock, which represents a potential upside of 13.3% from its current price of 17.30 Canadian dollars. Of the five analysts that cover Aurora Cannabis (ACB), four have given it “buy” ratings, while one has given it a “hold” rating. On average, analysts have a price target of 11.80 Canadian dollars on the stock, which represents a potential upside of 49.8% from its current price of 7.88 Canadian dollars. ## Valuation multiples Because MedMen Enterprises is still in the growth phase of the business life cycle, its expenses will be on the high side, and we can’t consider its EPS for valuation purposes. We’ve opted instead to consider its forward EV-to-sales (enterprise value-to-sales) multiple. As of January 10, MedMen was trading at a forward EV-to-sales multiple of 4.42x. On the same day, its peers Canopy Growth, Cronos Group, and Aurora Cannabis were trading at forward EV-to-sales multiples of 26.9x, 22.5x, and 12.5x, respectively. Browse this series on Market Realist: * Part 1 - Will 2019 Be a Better Year for MedMen Enterprises? * Part 2 - Analysts Expect MedMen’s Revenue to Rise in 2019 and 2020