iStock/panida wijitpanya
TORONTO (AP) — Cronos Group Inc. (CRON) on Thursday reported a loss of $8.8 million in its second quarter.
On a per-share basis, the Toronto-based company said it had a loss of 2 cents. Earnings, adjusted for asset impairment costs and restructuring costs, were less than 1 cent on a per-share basis.
The average estimate of three analysts surveyed by Zacks Investment Research was also breakeven on a per-share basis.
The cannabis company posted revenue of $27.8 million in the period.
