Cronos Group Q4 revenue $25.8M (+51% YoY), net loss $133.9M; plans Stayner facility exit

Cronos Group Inc.

2021-FY EPS reported -$1.07 revenue$74,435,000

Net revenue $25.8M in Q4 (+51% YoY); full-year revenue $74.4M (+59% YoY).
Q4 net loss $133.9M (incl. $119.9M impairment); full-year net loss $397.2M.
Announced planned exit of Peace Naturals Campus in Stayner, Ontario by end of 2022.
Adjusted EBITDA improved to -$27.4M in Q4 (vs -$53.1M) but full-year -$160.5M (worse).
Cash and equivalents $886.9M as of Dec 31, 2021, down 18% from year-end 2020.

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