---
schema_version: "secwatch.filing_event.v1"
accession: "0001656472-24-000017"
form_type: "8-K"
ticker: "CRON"
cik: "0001656472"
company_name: "Cronos Group Inc."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T06:49:35.598330+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cronos Group Q4 net revenue up 9% YoY; net loss improves to $45M; cash balance $862M

## Summary
- Q4 net revenue $23.9M (+9% YoY); full-year net revenue $87.2M (+1% YoY).
- Q4 net loss $45.2M, improved from $76.2M loss in Q4 2022; full-year net loss $70.4M vs $155.2M.
- Adjusted EBITDA -$14.8M in Q4, improved $4.2M YoY; full-year -$61.6M, improved $8.7M.
- Ended Q4 with ~$862M cash; expects positive cash flow in 2024 on ~$40-50M interest income and $5-10M cost savings.
- Spinach brand #2 in Canada; launched Lord Jones in Canada; commenced Australia sales; Israel-Hamas war hit Israel sales.

## SEC filing metadata
- accession: 0001656472-24-000017
- form_type: 8-K
- ticker: CRON
- cik: 0001656472
- company_name: Cronos Group Inc.
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1656472/000165647224000017/0001656472-24-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1656472/000165647224000017/cron-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001656472-24-000017
- JSON: https://secwatch.observer/filing/0001656472-24-000017.json
- Plain text: https://secwatch.observer/filing/0001656472-24-000017.txt

## Key facts
- Earnings Releases
  Cronos Group Inc. reported financial results for fourth quarter and full year ended December 31, 2023.
  - Period: fourth quarter and full year ended December 31, 2023
  - Result: reported results
  source text: On February 29, 2024, Cronos Group Inc. (the “Company”) issued a press release announcing its financial results for its fourth quarter and full year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1656472/000165647224000017/0001656472-24-000017-index.htm

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