---
schema_version: "secwatch.filing_event.v1"
accession: "0001656472-23-000014"
form_type: "8-K"
ticker: "CRON"
cik: "0001656472"
company_name: "Cronos Group Inc."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:18:16.989267+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cronos Group FY2022 revenue $91.9M (+23% YoY); net loss narrows to $168.7M; Spinach #1 edible brand in Canada

## Summary
- Full-year 2022 net revenue $91.9M, up 23% YoY; Israel revenue up 128% (constant currency +137%).
- Q4 2022 net revenue $22.9M, down 11% YoY; gross profit -$0.2M vs $1.9M in Q4 2021.
- Full-year net loss $168.7M, improved from $397.2M; Adjusted EBITDA -$80.6M, improved from -$160.5M.
- Achieved $28.7M in operating expense savings in 2022; targeting additional $10-20M savings in 2023.
- Spinach became #1 edible brand in Canada in Jan 2023; appointed James Holm as CFO in Nov 2022.

## SEC filing metadata
- accession: 0001656472-23-000014
- form_type: 8-K
- ticker: CRON
- cik: 0001656472
- company_name: Cronos Group Inc.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1656472/000165647223000014/0001656472-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1656472/000165647223000014/cron-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001656472-23-000014
- JSON: https://secwatch.observer/filing/0001656472-23-000014.json
- Plain text: https://secwatch.observer/filing/0001656472-23-000014.txt

## Key facts
- Earnings Releases
  Cronos Group Inc. reported the year ended December 31, 2022 results: revenue $91.9 million, net income $(168,734).
  - Period: the year ended December 31, 2022
  - Revenue: $91.9 million
  - Net income: $(168,734)
  - Result: reported results
  source text: Net revenue of $91.9 million in Full-Year 2022 increased by $17.5 million from Full-Year 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1656472/000165647223000014/0001656472-23-000014-index.htm
- Earnings Releases
  Cronos Group Inc. reported the three months ended December 31, 2022 results: revenue $22.9 million, net income $(78.9) million.
  - Period: the three months ended December 31, 2022
  - Revenue: $22.9 million
  - Net income: $(78.9) million
  - Result: reported results
  source text: Net revenue of $22.9 million in Q4 2022 decreased by $2.9 million from Q4 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1656472/000165647223000014/0001656472-23-000014-index.htm

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