---
schema_version: "secwatch.filing_event.v1"
accession: "0001656472-22-000020"
form_type: "8-K"
ticker: "CRON"
cik: "0001656472"
company_name: "Cronos Group Inc."
filed_at: "2022-02-18T23:59:59+00:00"
generated_at: "2026-06-27T06:38:20.595673+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cronos restates Q2 2021 with $236M impairment; Q3 rev up 80% to $20.4M, adj EBITDA loss widens

## Summary
- Restated Q2 2021 with $236.1M impairment on goodwill and intangibles in U.S. reporting unit; no cash impact.
- Q3 2021 net revenue $20.4M (+80% YoY); gross profit improved to $(0.7)M from $(1.5)M.
- Adjusted EBITDA loss $(46.8)M vs $(30.1)M; driven by $13.2M allowance for credit losses and higher R&D.
- Strategic realignment targets $20-25M in operating expense savings in 2022.
- Announced key appointments: Jeff Jacobson SVP Head of Growth and John Griese SVP Head of Operations (North America).

## SEC filing metadata
- accession: 0001656472-22-000020
- form_type: 8-K
- ticker: CRON
- cik: 0001656472
- company_name: Cronos Group Inc.
- filed_at: 2022-02-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1656472/000165647222000020/0001656472-22-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1656472/000165647222000020/cron-20220218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001656472-22-000020
- JSON: https://secwatch.observer/filing/0001656472-22-000020.json
- Plain text: https://secwatch.observer/filing/0001656472-22-000020.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.