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Cronos Group Cannabis Earnings in Line with Analyst Estimates

The company reported a loss of $2.2 million in its first quarter.

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TORONTO (AP) β€” Cronos Group Inc. (CRON) on Thursday reported a loss of $2.2 million in its first quarter.

On a per-share basis, the Toronto-based company said it had a loss of 1 cent.

The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 1 cent per share.

The cannabis company posted revenue of $25.3 million in the period.


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