Cronos Group is a leading global cannabinoid company focused on the research, development, and production of smoked and non-smoked cannabis products
The company operates multiple brands and offers a wide range of cannabis-based products, including oils, capsules, and edibles, catering to both medicinal and recreational markets. Cronos Group is committed to innovative research and development efforts aimed at advancing the cannabis industry, and it emphasizes sustainability and compliance with regulatory standards across its operations. By leveraging strategic partnerships and investments in technology, the company seeks to enhance its market presence and drive growth in the evolving landscape of cannabis consumption.
Non-German companies could potentially benefit from new recreational marijuana pilot programs in Germany, observers say. The European nation partially decriminalized adult-use cannabis on April 1, 2024, becoming the 9th country in the world to legalize cannabis and granting millions of Germans access to the drug.
Elton John has been vocal about his stance on the legalization of cannabis, openly criticizing its approval in parts of the United States and Canada. The legendary musician expressed strong concerns about the drug, reflecting on his own experiences and observations during a Time magazine interview .
In 2022, the Biden Administration initiated efforts to reevaluate how cannabis is classified under federal law, leading the DEA to start a formal rule-making procedure this year.
Mike Hilgers, Nebraska’s Attorney General, assured the public on Tuesday that his office’s current investigations into two medical marijuana ballot measures will not affect his decision to certify the election results . Speaking at a press conference on an unrelated lawsuit, Hilgers stated that the election certification process would proceed independently of the marijuana-related legal disputes or the timing of any court ruling.
In the third quarter, Cronos' Spinach brand became the best-selling cannabis brand in the Canadian adult-use market and their Peace Naturals brand held a top spot in the Israeli medical market.
Cronos' Q3 net revenue totaled $34.3 million, up by $9.5 million year-over-year. Q3 net income totaled $7.3 million compared to a net loss of $1.6 million in the prior year's period. The company has set an operating expense savings target of $5 to $10 million for 2024,
The Nevada State Athletic Commission (NSAC) recently removed marijuana from its list of prohibited substances. This change means that fighters in the state who possess, use, or consume marijuana products will no longer face penalties for violating anti-doping rules.
TORONTO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQCRON) (TSX: CRON) (“Cronos” or the “Company”) will hold its 2024 third quarter earnings conference call on Tuesday, November 12, 2024 at 8:30 a.m. ET. Cronos’ senior management team will discuss the Company’s financial results and will be available for questions from the investment community after prepared remarks.
The Arkansas Supreme Court decided in a narrow 4-3 ruling that votes in favor of and against a plan to broaden the state’s medical cannabis program would not be taken into account. Protect Arkansas Kids, a nonprofit that joined the legal fight against the amendment—Issue 3, filed a case that resulted in this decision. The votes cast on Issue 3 will be ignored, even though it will still be on the ballot in November.
