Cronos Group Q3 revenue up 38% to $34.3M; Spinach becomes #1 cannabis brand in Canada

Cronos Group Inc.

2024-Q3 EPS reported -$0.01 revenue$87,314,000

Net revenue $34.3M, +38% YoY; net income $7.3M vs loss of $1.6M in Q3 2023.
Adjusted EBITDA loss improved 60% to $(6.0)M from $(15.2)M.
Spinach brand became #1 cannabis brand in Canada (Hifyre); #1 in edibles and flower categories.
Cash and cash equivalents $862M, up from $571.6M a year ago; short-term investments zero.
Cronos consolidated Cronos GrowCo; contributed $4.3M revenue; $51M facility for expansion.

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