=Cronos Group (CRON) reported earnings on Thur 8 Aug 2019 (b/o)

Cronos Group beats by CAD 0.24, beats on revs

Reports Q2 (Jun) earnings of CAD 0.22 per share, CAD 0.24 better thanthe S&P Capital IQ Consensus of (CAD 0.02); revenues rose 217.6% year/year to CAD 10.8 mln vs the CAD 7.16 mln S&P Capital IQ Consensus.

1,584 kilograms were sold in Q2 2019, representing a 232% increase from 477 kilograms sold in Q2 2018, primarily driven by increased cannabis production and the launch of the adult-use market in Canada. Kilograms sold increased 43% quarter-over-quarter from 1,111 kilograms sold in the first quarter of 2019, primarily driven by increased cannabis production.

Long trade : Cronos Group (CRON) +15% (8/18)

• Headquarters: Toronto, Canada
• Founded: 2012
• thecronosgroup.com