Cronos Stock Surges On Q1 Earnings Beat, ‘Strong’ Demand For Flower Products: ‘2025 Is Shaping Up To Be A Transformative Year’
Cronos Group Inc (NASDAQ:CRON) reported first-quarter financial results ahead of the market open Thursday. Here’s a look at the key highlights from the cannabis company’s report.
Q1 Revenue: Cronos reported first-quarter revenue of $32.26 million, beating analyst estimates of $31.70 million, according to Benzinga Pro. The company reported first-quarter earnings of 2 cents per share, beating estimates for a loss of 1 cent per share.
Cronos said first-quarter revenue increased 28% year-over-year, primarily driven by higher cannabis flower sales in Israel and other countries, as well as higher cannabis extract sales in the Canadian market.
The company noted that its …