---
schema_version: "secwatch.filing_event.v1"
accession: "0001656472-23-000065"
form_type: "8-K"
ticker: "CRON"
cik: "0001656472"
company_name: "Cronos Group Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:20:35.513751+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cronos Q1 revenue $20.1M (-20% YoY); gross margin 12%; targets cash flow positive 2024

## Summary
- Net revenue $20.1M, down 20% YoY; gross margin 12% vs 28%; net loss $(19.3)M improved from $(32.7)M.
- Canada net revenue +6% YoY (constant currency +14%); Spinach® top-10 in flower, edible, vape, pre-roll.
- Cash & short-term investments $836M; no debt; targeting positive cash flow in 2024.
- FY2023 revenue guidance $100-110M; expects ~$30M interest income for remainder of year; on track for $10-20M cost savings.

## SEC filing metadata
- accession: 0001656472-23-000065
- form_type: 8-K
- ticker: CRON
- cik: 0001656472
- company_name: Cronos Group Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1656472/000165647223000065/0001656472-23-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1656472/000165647223000065/cron-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001656472-23-000065
- JSON: https://secwatch.observer/filing/0001656472-23-000065.json
- Plain text: https://secwatch.observer/filing/0001656472-23-000065.txt

## Key facts
- Earnings Releases
  Cronos Group Inc. updated its its first quarter ended March 31, 2023 guidance (reaffirmed).
  - Period: its first quarter ended March 31, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: On May 9, 2023, Cronos Group Inc. (the “Company”) issued a press release announcing its financial results for its first quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1656472/000165647223000065/0001656472-23-000065-index.htm

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