---
schema_version: "secwatch.filing_event.v1"
accession: "0001656472-22-000111"
form_type: "8-K"
ticker: "CRON"
cik: "0001656472"
company_name: "Cronos Group Inc."
filed_at: "2022-08-09T23:59:59+00:00"
generated_at: "2026-06-24T02:06:23.638846+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cronos Q2 net revenue $23.1M (+48% YoY); net loss narrows to $20.3M from $179.4M

## Summary
- Consolidated net revenue $23.1M, up 48% YoY; Rest of World segment $21.6M (+61%); U.S. $1.5M (-34%).
- Net loss $20.3M improved from $179.4M; Adjusted EBITDA -$18.8M vs -$49.8M a year earlier.
- Gross profit $4.1M (gross margin 18%) vs -$15.8M (-101%) in Q2 2021; no inventory write-downs this quarter.
- Realignment costs now expected at ~$6.4M (up from $5.8M); phased exit of U.S. wholesale beauty channel.
- Arye Weigensberg appointed SVP Head of R&D; THCV productivity milestone achieved under Ginkgo partnership.

## SEC filing metadata
- accession: 0001656472-22-000111
- form_type: 8-K
- ticker: CRON
- cik: 0001656472
- company_name: Cronos Group Inc.
- filed_at: 2022-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1656472/000165647222000111/0001656472-22-000111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1656472/000165647222000111/cron-20220809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001656472-22-000111
- JSON: https://secwatch.observer/filing/0001656472-22-000111.json
- Plain text: https://secwatch.observer/filing/0001656472-22-000111.txt

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