Wall Street analysts expect Cronos' revenue to have grown by more than 500% over the past year.Cronos was up almost 9% Monday, one day ahead of its fourth-quarter earnings report. The cannabis producer has been one of the strongest performers on the Nasdaq sinceExpectations for the quarter are high, with analysts surveyed by Bloomberg forecasting revenue growth of more than 500% for the quarter to $10.8 million.
"Altria is the ideal partner for Cronos Group, providing the resources and expertise we need to meaningfully accelerate our strategic growth," said Cronos CEO Mike Gorenstein at the time of the investment.in February 2018, paving the way for publicly traded rivals Canopy Growth and Aurora Cannabis. Cronos previously traded in Canada.
Founded in 2013, Cronos Group owns and operates brands in the business of marijuana cultivation and distribution. It owns 100% of both Peace Naturals and Original BC, which are licensed to grow and sell medical marijuana.
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
nom nom 🤤🤤🤤
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Michaels Cos. stock soars 4% premarket as quarterly earnings beat offsets soft guidanceMichaels Cos. Inc. shares rose 4.3% in premarket trade Tuesday, as better-than-expected quarterly earnings offset guidance that was below consensus. The...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »
Hibbett Sports shares soar premarket as earnings blow past estimatesHibbett Sports Inc. shares soared 15% in premarket trade Friday, after the sporting goods retailer blew past estimates for the fourth quarter and offered...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »
Wall Street Week Ahead: Doubts increase that first quarter will be earnings low pointAs Wall Street braces for what may be the first U.S. profit decline since 2016, ... Thanks, Federal Reserve... Another Red Flag that A Trump/Republican’s Recession is going to happen. Hopefully it’s is not as severe as 2008 another Republican Recession. Let’s see what the first quarter GDP is. If it’s less than 3% then quit spending & prepare for many job losses. 'Earnings'? Have they EARNED them? They can always get a job.
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »
Levi Strauss shares soar after company's second IPO — four experts reactLevi Strauss' initial public offering marks a new era for the 166-year-old denim company, Wall Street experts say. A rush of new IPO's, a federalreserve on the sidelines, an insane POTUS, deregulation of Dodd-Frank, incompetence in all levels of trade negotiations by declaring national security threats, a weakening EU, flat yield curves, no immigrants to fill jobs... 55% think that's crazy
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »