Cronos Q1 net revenue up 40% to $45.2M; authorizes $50M share buyback; CanAdelaar close extended to Sep 9

Cronos Group Inc.

2026-Q1 EPS reported $0.04 revenue$45,210,000

Net revenue $45.2M (+40% YoY); net income $15.7M (+103%); adjusted EBITDA $5.1M (+122%).
Spinach brand reached #1 in Canadian vapes (9.8% share); PEACE NATURALS #1 in Israel with 53% revenue growth.
Board authorized $50M share repurchase program effective May 14, 2026 through May 13, 2027.
CanAdelaar acquisition long-stop date extended from June 9 to September 9, 2026 pending Dutch regulatory clearance.

item 1.01 item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cronos Group Inc. reported the three months ended March 31, 2026 results: revenue $45.2 million, net income $15.7 million.

Period: the three months ended March 31, 2026
Revenue: $45.2 million
Net income: $15.7 million
Result: reported results

Exact text from the filing

reference in such a filing or document. --- EX-99.1 (EX-99.1) --- Cronos Group Reports 2026 First Quarter Results Net revenue in Q1 2026 increased by 40% year-over-year to $45.2 million Achieved record net revenue and gross profit in Q1 2026 Reached #1 market share in vapes in Canada 1 Ninth consecutive quarter of record net revenue in Israel, where PEACE

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Source: SEC EDGAR

accession 0001656472-26-000032

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