secwatch.observer — SEC 8-K summary
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Issuer:     Cronos Group Inc. (CRON)
CIK:        0001656472
Form:       8-K
Filed at:   2022-03-01T23:59:59+00:00
Accession:  0001656472-22-000033
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1656472/000165647222000033/0001656472-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1656472/000165647222000033/cron-20220301.htm
  HTML page:      https://secwatch.observer/filing/0001656472-22-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer