Cronos Group Inc

CRON: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 3.70	Nfd	Kwwnjbbm

Cronos' Small Size Keeps Profitability Years Away, but Cash Balance Should Support Operations

Kristoffer Inton

Aug 8, 2023

Business Strategy and Outlook

Cronos Group cultivates and sells cannabis predominantly in Canada and Israel. With sales below CAD 100 million, it is the smallest Canadian licensed producer we cover by far. This hurts its ability to reach scale on overhead expenses, leading us to forecast the company will not reach breakeven adjusted EBITDA profitability until the end of the decade.

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