Cronos Group on Tuesday reported a loss of $20.2 million in its second quarter.
The Toronto-based company said it had a loss of 5 cents per share. Losses, adjusted for non-recurring gains, were 6 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 6 cents per share.
The cannabis company posted revenue of $23.1 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $27.7 million.