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Cronos Group Shows 186% Growth in Revenue Even Before Canadian Cannabis Legalization

NEW YORK, NY / ACCESSWIRE / November 26, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on Cronos Group Inc. (CRON), a globally diversified and vertically integrated cannabis company with a presence across five continents. Cronos Group operates two wholly-owned Canadian license holders: Peace Naturals Project Inc., which was the first non-incumbent medical cannabis license granted by Health Canada, and Original BC Ltd., which is based in the Okanagan Valley, British Columbia.

For the third quarter ended September 30, 2018, the company reported a revenue increase of 186%. Cannabis was legalized in Canada on October 17th.

Read about the CRON product line, their current growing capacity and our analyst updated research READ MORE

Copy and paste to your browser may be required to view the report - https://tradersnewssource.com/cronos-group-2/

On October 17, 2018, Canada became the first G7 country and the second country in the world to legalize cannabis sales for adult recreational use. The Company is actively engaged in this distribution channel and is currently selling dried cannabis, pre-rolls and cannabis oils to Ontario, British Columbia, Nova Scotia, and Prince Edward Island, which collectively represent over 50% of the Canadian population. The Company expects to secure additional provincial listings as more of its production capacity comes online, which will allow the Company to service additional provincial markets adequately.

Analyst review of corporate highlights, countries of operation and more, full report READ MORE

Copy and paste to your browser may be required to view the report - https://tradersnewssource.com/cronos-group-2/

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SOURCE: Traders News Source