Cronos Group

Today, Cronos announced its Fourth Quarter and Full-Year 2023 Results.

Here are some highlights from 2023 for Cronos:

-We closed 2023 with approximately $862 million in cash and short-term investments and zero debt.
-We generated over $14 million in interest income in Q4, and we anticipate generating approximately $40-50 million in interest income in 2024.
-In Canada, our Spinach® brand is the second most popular brand.
-We brought the Lord Jones® brand to the Canadian adult-use cannabis market.
-We have a leading medical brand, PEACE NATURALS®, in Israel, which posted $21.1 million in net revenue in 2023.
-In the fourth quarter of 2023, we shipped cannabis to Germany and Australia – extending our global reach.

Learn more from our Q4/FY 2023 Earnings Press Release: https://ir.thecronosgroup.com/news-releases/news-release-details/cronos-group-reports-2023-fourth-quarter-and-full-year-results1

Cronos Group will hold its 2023 Fourth Quarter and Full-Year Earnings Conference Call on Thursday, February 29, 2024.

Learn more: https://ir.thecronosgroup.com/news-releases/news-release-details/cronos-group-inc-hold-2023-fourth-quarter-and-full-year-earnings

Every February, we celebrate Black History Month to honor and celebrate the legacy of the Black community, and their ongoing advocacy for an equitable and inclusive world. We encourage you to learn more about the Black community’s diverse cultures and their achievements and contributions to society.

Here are a few resources you can explore as you learn about and celebrate Black history:

Canadian Heritage: https://www.canada.ca/en/canadian-heritage/campaigns/black-history-month.html

The Library of Congress: https://www.blackhistorymonth.gov/

National Museum of African American History & Culture: https://nmaahc.si.edu/explore/initiatives/black-history-month-2024

History.com: https://www.history.com/topics/black-history/black-history-month

We’re thrilled 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://ir.thecronosgroup.com/news-releases/news-release-details/cronos-spinachr-brand-ends-2023-number-one-flower-brand-canada1

*HiFyre POS Data Q4 2023 - Total Canada Retail Dollar Sales, Ending December 31 2023