CRON

Shares of Cronos Group (CRON) declined 13.7% to close at $3.09 on Tuesday after the cannabis company delivered mixed second-quarter results amid its business restructuring initiatives. What Does Cronos Group Do? Cronos Group is a global cannabinoid company that manufactures and sells cannabis, and hemp-derived supplements for the medical and adult-use markets in federally legal jurisdictions, including the U.S., Canada, and Germany. Its international brand portfolio includes Spinach, Peace Naturals, Lord Jones, Happy Dance And Peace+. A Snapshot of CRON’s Q2 Performance The company reported an adjusted loss of $0.05 per share, which was just a cent less than the street’s estimated loss of $0.06.
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