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Cronos Q2 Loss Better Than Expected

The cannabis company posted revenue of $19 million in the period.

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TORONTO (AP) — TORONTO (AP) — Cronos Group Inc. (CRON) on Tuesday reported a loss of $8.4 million in its second quarter.

The Toronto-based company said it had a loss of 2 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The cannabis company posted revenue of $19 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $22.7 million.

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