Highest On Record – Cronos Group Reports 46% YoY Increase In Q2 Net Revenue
Cronos Group Inc. (NASDAQ:CRON) (TSX:CRON) announced on Tuesday its 2024 second-quarter business results.
The company reported $27.8 million in net revenue during the quarter, representing a 46% year-over-year increase.
Mike Gorenstein, chairman, president and CEO of Cronos, said that’s the “highest quarterly net revenue on record.”
“The top line was propelled by 46% growth year-over-year in Canada, 27% growth year-over-year in Israel, growth in Germany and the initiation of sales in the United Kingdom,” Gorenstein continued. “These results reflect the hard work and dedication of our entire team, reinforcing our …