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Cronos Group Inc
TSX:CRON

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Cronos Group Inc Logo
Cronos Group Inc
TSX:CRON
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Price: 3.56 CAD -2.2% Market Closed
Market Cap: CA$1.4B

Cronos Group Inc
Investor Relations

Cronos Group, Inc. engages in the production and distribution of cannabis. The company is headquartered in Toronto, Ontario. The company went IPO on 2014-05-07. The firm is focused on cannabis research, technology and product development. The Company’s portfolio includes PEACE NATURALS, COVE, Spinach, Lord Jones, Happy Dance and PEACE+. PEACE NATURALS a global wellness platform. The COVE and Spinach are adult-use brands. The Lord Jones, Happy Dance and PEACE+ are hemp-derived cannabidiol (CBD) brands. The Company’s segments include United States and Rest of World. The United States operating segment consists of the manufacture and distribution of hemp-derived CBD infused products. The Rest of World operating segment is involved in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products for the medical and adult-use markets. The Company’s subsidiaries include Cronos Israel G.S. Cultivation Ltd, Cronos Israel G.S. Manufacturing Ltd., Cronos Israel G.S. Store Ltd. and Cronos Israel G.S. Pharmacy Ltd.

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CRON
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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 26, 2026
AI Summary
Q4 2025

Record Revenue: Cronos reported record net revenue for both the fourth quarter and full year 2025, with Q4 net revenue up 47% year-over-year and full-year organic growth of 25%.

Margin Improvement: Gross margin for the year reached 43%, and Q4 gross margin improved by 670 basis points year-over-year to 36%.

Canadian Market Strength: Canadian net revenue grew 42% year-over-year in Q4, led by strong performance in flower, vapes, and edibles, with the Spinach brand becoming the #2 vape brand and maintaining leadership in edibles.

International Growth: Net revenue in Israel grew 52% year-over-year, marking the eighth consecutive quarter of record revenue, while other international markets saw 68% year-over-year growth.

M&A Activity: Cronos plans to acquire CanAdelaar, the leading cannabis company in the Netherlands’ legal adult-use market, for about $67.5 million, with closing expected in the first half of 2026.

Strong Balance Sheet: The company ended the quarter with $832 million in cash, cash equivalents, and short-term investments, and has no debt.

Outlook: Management expects continued strong performance in 2026, with easing supply constraints, ongoing innovation, and a focus on disciplined M&A and cost management.

Key Financials
Net Revenue
$44.5 million
Net Revenue (Full Year 2025)
Record (exact figure not provided)
Gross Profit (Q4)
$16.2 million
Gross Margin (Q4)
36%
Gross Margin (Full Year 2025)
43%
Operating Expenses (Q4, ex-restructuring/impairments)
$22.5 million
Adjusted EBITDA (Q4)
$0.5 million
Cash, Cash Equivalents & Short-term Investments
$832 million
Net Revenue (Israel, Q4)
Not specified (grew 52% year-over-year)
Net Revenue (Other International Markets, Q4)
Not specified (up 68% year-over-year)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael Ryan Gorenstein J.D.
President, CEO & Chairman
No Bio Available
Mr. James Holm
Chief Financial Officer
No Bio Available
Mr. Jeffrey David Jacobson
Chief Growth Officer
No Bio Available
Ms. Anna Shlimak
Chief Strategy Officer
No Bio Available
Mr. James Andrew McGinness III
VP, Controller & Principal Accounting Officer
No Bio Available
Mr. Shayne J. Laidlaw
Director of Investor Relations & Strategy
No Bio Available
Mr. Terry Gregory-Joseph Doucet
General Counsel & Corporate Secretary
No Bio Available
Ms. Shannon Buggy
Senior VP & Global Head of People
No Bio Available
Mr. Arye Weigensberg
Senior VP and Head of Research & Development
No Bio Available
Mr. Adam Wagner
Senior VP & Head of Cronos Israel
No Bio Available

Contacts

Address
ONTARIO
TORONTO
111 Peter Street, Suite 300
Contacts
+4165040004.0
thecronosgroup.com
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