Cronos Group (US) (TSE:CRON) has released an update.
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Cronos Group has seen a solid performance in the 2023 fiscal year, ending with $862 million in cash and short-term investments, a 9% increase in Q4 revenue from the previous year, and significant market growth in Canada. The company expanded internationally, launching sales in Australia and Germany, and introduced the Lord Jones brand in Canada. Notable achievements include the Spinach brand ranking second overall in Canada, and the continuation of product innovation and market leadership despite global challenges.
For further insights into TSE:CRON stock, check out TipRanks’ Stock Analysis page.
