iStock
TORONTO (AP) _ Cronos Group Inc. (CRON) on Monday reported a third-quarter loss of $37 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Toronto-based company said it had a loss of 10 cents. Losses, adjusted for one-time gains and costs, came to 7 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The cannabis company posted revenue of $20.9 million in the period.
