Cannabis producer Cronos loses $111.7 million in fourth quarter

MJBizDaily
By Matt LamersFeb 26, 2021, 10:23 am130 pts
Canadian cannabis producer Cronos Group reported a quarterly loss of $111.7 million and adjusted EBITDA of negative $53.1 million, according to the full-year and fourth-quarter results released Friday, well below analyst expectations. However, Cronos exceeded analyst expectations on sales, with net revenue of…

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