---
schema_version: "secwatch.filing_event.v1"
accession: "0001656472-24-000062"
form_type: "8-K"
ticker: "CRON"
cik: "0001656472"
company_name: "Cronos Group Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:12:09.358276+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cronos Q1 revenue up 30% YoY to $25.3M; net loss narrows; guidance reaffirmed

## Summary
- Net revenue $25.3M (+30% YoY); gross profit $4.5M (+53%); net loss improved to $(2.5M) from $(18.0M).
- Adjusted EBITDA of $(10.7M) improved $5.0M YoY; cash and equivalents $855M.
- Spinach brand #1 flower and #3 vape in Canada; Lord Jones #1 hash infused pre-roll.
- Launched PEACE NATURALS in UK via GROW Pharma partnership in May 2024.
- Reiterated $5-10M operating expense savings target for 2024; expects positive net cash change.

## SEC filing metadata
- accession: 0001656472-24-000062
- form_type: 8-K
- ticker: CRON
- cik: 0001656472
- company_name: Cronos Group Inc.
- filed_at: 2024-05-09T23:59:59+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/1656472/000165647224000062/0001656472-24-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1656472/000165647224000062/cron-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001656472-24-000062
- JSON: https://secwatch.observer/filing/0001656472-24-000062.json
- Plain text: https://secwatch.observer/filing/0001656472-24-000062.txt

## Key facts
- Earnings Releases
  Cronos Group Inc. reported first quarter ended March 31, 2024 results: revenue $25.3 million, net income $ (2,484).
  - Period: first quarter ended March 31, 2024
  - Revenue: $25.3 million
  - Net income: $ (2,484)
  - Result: reported results
  source text: Group Reports 2024 First Quarter Results Industry-leading balance sheet with $855 million in cash and cash equivalents Net revenue in Q1 2024 increased by 30% year-over-year to $25.3 million Spinach ® was top-3 in retail sales in Canada in the flower, edible, and vape categories in Q1 2024 Launched PEACE NATURALS ® brand in the United Kingdom in May 2024 TORONTO, May
  evidence_url: https://www.sec.gov/Archives/edgar/data/1656472/000165647224000062/0001656472-24-000062-index.htm

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