Cannabis Stocks Cronos, Trulieve, Green Thumb, Verano Trading Up After Earnings: A Full Recap
Stocks in the cannabis sector notched notable gains on Thursday, according to Benzinga Pro data, with Cronos Group (NASDAQ:CRON) up 3.82%, Verano Holdings (OTC:VRNOF) up 1.11%, Trulieve (OTC:TCNNF) up 3.37% and Green Thumb Industries (OTC:GTBIF) up 2.08%, following their respective earnings reports. Below is a closer look at each company’s recently released results.
Cronos Group
Cronos reported fourth-quarter revenue of $30.3 million, marking a 26.7% increase year-over-year, driven largely by higher cannabis flower and extract sales in Canada and select international markets.
The company highlighted growth in the Canadian edibles segment, particularly with its SOURZ by Spinach brand, which continues to perform well.
Cronos also noted cost-optimization initiatives and a significant improvement in gross margin—rising from 8% to 36% in Q4, reflecting increased operational efficiency. Additionally, the company reported net income of $43.9 million in the …