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Cronos Reports $133.6M Q4 Loss

The results fell short of expectations.

I Stock 1289949689

TORONTO (AP) - Cronos Group Inc. (CRON) on Tuesday reported a loss of $133.6 million in its fourth quarter.

On a per-share basis, the Toronto-based company said it had a loss of 36 cents.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.

The cannabis company posted revenue of $25.8 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $24 million.

For the year, the company reported that its loss widened to $396.1 million, or $1.07 per share. Revenue was reported as $74.4 million.

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