---
schema_version: "secwatch.filing_event.v1"
accession: "0001656472-23-000145"
form_type: "8-K"
ticker: "CRON"
cik: "0001656472"
company_name: "Cronos Group Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T09:41:49.506960+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cronos Q3 net revenue $24.8M (+22% YoY); net loss narrows to $1.6M from $33.1M

## Summary
- Net revenue $24.8M (+22% YoY); constant currency $26.0M (+27% YoY). Grows driven by Canadian flower, extract sales.
- Net loss from continuing ops $(1.6)M improves from $(33.1)M; no impairment in current period, higher interest income.
- Adjusted EBITDA $(15.2)M vs $(18.5)M prior year; gross margin 16% (19% adj. for inventory write-down).
- Cash & short-term investments $839.6M; guidance: net cash decline <$5-10M in Q4 2023, positive cash flow in 2024.
- Spinach brand top-10 Canadian retail in all categories; launched Peace Naturals in Germany and Lord Jones in Canada.

## SEC filing metadata
- accession: 0001656472-23-000145
- form_type: 8-K
- ticker: CRON
- cik: 0001656472
- company_name: Cronos Group Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1656472/000165647223000145/0001656472-23-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1656472/000165647223000145/cron-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001656472-23-000145
- JSON: https://secwatch.observer/filing/0001656472-23-000145.json
- Plain text: https://secwatch.observer/filing/0001656472-23-000145.txt

## Key facts
- Earnings Releases
  Cronos Group Inc. reported financial results for Q3 2023.
  - Period: Q3 2023
  - Result: reported results
  source text: Net revenue in Q3 2023 increased by 22% year-over-year to $24.8 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1656472/000165647223000145/0001656472-23-000145-index.htm
- Earnings Releases
  Cronos Group Inc. reported financial results for Q3 2023.
  - Period: Q3 2023
  - Result: reported results
  source text: Net income (loss) (ii) $ (1,590) $ (33,105) $ 31,515 95 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1656472/000165647223000145/0001656472-23-000145-index.htm
- Earnings Releases
  Cronos Group Inc. reported financial results for Q3 2023.
  - Period: Q3 2023
  - Result: reported results
  source text: Adjusted EBITDA (iii) $ (15,187) $ (18,464) $ 3,277 18 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1656472/000165647223000145/0001656472-23-000145-index.htm
- Earnings Releases
  Cronos Group Inc. updated its last three months of FY2023 guidance (reaffirmed).
  - Period: last three months of FY2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Cronos anticipates that the net change in cash, defined as the sum of cash and cash equivalents and short-term investments, will decline by less than $5 to $10 million in the last three months of fiscal year 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1656472/000165647223000145/0001656472-23-000145-index.htm

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