Cronos posts $31.3 million operating loss in second quarter

Marijuana Business Daily
By Solomon IsraelAug 6, 2020, 11:44 am226 pts
Toronto-based cannabis firm Cronos Group reported an adjusted operating loss of $31.3 million for its second quarter, along with $40 million worth of COVID-19-related impairment charges on its U.S. operations. Net revenue for the quarter ended June 30 was $9.9 million, a 17.9% increase over the previous…

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