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Good to see thanks!
As outlined above in Part III of this Form 12b-25, the Company has not completed the preparation of its unaudited financial statements for the quarter ended September 30, 2021. Therefore, it is not possible to provide a reasonable estimate of the changes in results of operations from the three month period ended September 30, 2020. However, subject to finalization of its unaudited financial statements, the Company expects to report for the three month period ended September 30, 2021, as compared to the three month period ended September 30, 2020:
•a material increase in net revenue;
•a material increase in cost of sales;
•a small gross profit;
•a material increase in operating expenses;
•a material increase in operating loss;
•a material gain on revaluation of derivative liabilities; and
•a material loss in total other comprehensive income.
$CRON Top Institutional Holders
Holder Shares Date Reported % Out Value
ETF Managers Group, LLC 10,595,350 Sep 29, 2021 2.84% 59,969,681
Chescapmanager LLC 8,327,090 Sep 29, 2021 2.23% 47,131,329
Vanguard Group, Inc. (The) 5,952,136 Sep 29, 2021 1.59% 33,689,089
Shaw D.E. & Co., Inc. 2,010,179 Sep 29, 2021 0.54% 11,377,613
Mirae Asset Global Investments Co., Ltd. 1,714,037 Sep 29, 2021 0.46% 9,701,449
Morgan Stanley 1,709,491 Sep 29, 2021 0.46% 9,675,719
Capital World Investors 1,585,000 Sep 29, 2021 0.42% 8,971,100
Connor Clark & Lunn Investment Management Ltd 1,295,000 Sep 29, 2021 0.35% 7,329,700
Susquehanna International Group, LLP 1,104,580 Sep 29, 2021 0.30% 6,251,922
Dimensional Fund Advisors LP 1,064,496 Sep 29, 2021 0.29% 6,025,047
https://finance.yahoo.com/quote/CRON/holders?p=CRON
$CRON has $1.1B in cash Cronos Group Inc. operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones and Happy Dance brands in the United States. The company is also involved in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products for the medical and adult-use markets. It sells cannabis and cannabis products, including dried cannabis, pre-rolls, and cannabis extracts through wholesale and direct-to-client channels under its wellness platform, PEACE NATURALS; and operates under two adult-use brands, COVE and Spinach. The company also exports dried cannabis and cannabis oils to Germany, Israel, and Australia. Cronos Group Inc. was founded in 2012 and is based in Toronto, Canada.
http://www.thecronosgroup.com
$CRON The current consensus among 7 polled investment analysts is to hold stock in Cronos Group Inc.
'Top South Dakota Lawmakers Officially Recommend Marijuana Legalization Bill For 2022 Session'
Thanks for sharing that!
South Carolina Republican reveals marijuana legalization bill she’ll introduce in Congress
https://mjbizdaily.com/south-carolina-republican-reveals-marijuana-legalization-bill-shell-introduce-in-congress/
How will life change for Ohioans if lawmakers legalize recreational marijuana?
https://www.fox19.com/2021/11/16/how-will-life-change-ohioans-if-lawmakers-legalize-recreational-marijuana/
Cannabis stocks take off on legalization hopes. One investor sees potential for more upside
https://www.cnbc.com/2021/11/11/cannabis-stocks-rise-on-legalization-hopes-tim-seymour-talks-the-move.html $CRON
Cannabis stocks take off on legalization hopes. One investor sees potential for more upside
https://www.cnbc.com/2021/11/11/cannabis-stocks-rise-on-legalization-hopes-tim-seymour-talks-the-move.html $CRON
Republicans get in on the federal decriminalization of marijuana
https://aldianews.com/articles/politics/republicans-get-federal-decriminalization-marijuana/68022 $CRON
$CRON The current consensus among 8 polled investment analysts is to hold stock in Cronos Group Inc.
Warren presses Biden on pardons for nonviolent cannabis convictions
$CRON
buying some here $CRON
Extract from Ginkgo's 3rd qtr results below:-
* the achievement of our first equity milestone for Cronos in Q3, demonstrating full target performance for manufacturing of CBG and the first commercial launch of products containing biosynthetic CBG in October. * Additionally, we're thrilled to announce that just last week, Cronos successfully validated full target performance for a second cannabinoid molecule, CBGV, unlocking a second equity milestone (which will be recorded in our Q4 financials);
CRONOS ALERT: Bragar Eagel & Squire, P.C. is Investigating Cronos Group Inc. on Behalf of Cronos Stockholders and Encourages Investors to Contact the Firm. https://www.businesswire.com/news/home/20211112005919/en/CRONOS-ALERT
We sure got a good preview of what a little rumor or maybe some positive news will do to for MOMO in $CRON!
I dipped my toe into cron first time today...
As for the legalization issue, should be rather Shortly now , as the stadium/games aren’t going to keep us little people “happy” allot longer.. So instead of giving us cake, or raining cash, let us numb ourselves,..plus happily pay more tax.. and the system grows flush not dealing with loaded courts and jails....
Now when is the price gunna come down? The price we pay per gram or OZ is way to exorbant! Really it is...do we need companies valued at billions of dollars ? Outside of the stock markets and boardrooms ..for a product called agricultural..? Sure, many will do home grown..but most can not, and those that can not are also those that can least afford the high cost.... but need the realease the most..
Well sorry for the rant, I love the markets , but was recalling the days of ‘73 when a dime bag was 3 fingers deep and affordability was not a question, when using it was for something new, a social-ability Tool, an aid in deeper reflection... all without having to make payments on it :)
A casual use strike may be in order ? I bet since there is really big bucks wrapped in this, a reverse 420 may work, a week, maybe more..heck toss in booze too..that would...no more smoke, or booze till total decriminalization, not just legalized acceptance of certain portions...
Well any who..I got the cron dip today,..the dealings with DNA should prove very interesting, I think that is where the issue with the delay may be..? The implementation of the process may be costly, but savings in product production further out worth it...that is the only reason I grabbed cron, otherwise to me it is just another grower.
In that regard, it’s not just producing product cheaper but many more variations also.
Good night all...should be interesting in the morning.
I dipped my toe into cron first time today...??.. as to the legalization issue, should be Shortly now , as the stadium/games aren’t going to keep us little people “happy” a lot longer.. So instead of giving us cake, or raining cash, let us numb ourselves,..plus happily pay more tax.. and the system grows flush not dealing with loaded courts and jails.... now when is the price gunna come down? The price we pay per gram or OZ is way to exorbant! Really it is...do we need companies valued at billions of dollars ? Outside of the stock markets and boardrooms ..for a product called agricultural..? Sure many will do home grown..but most can not, and those that can not are also those that can least afford the high cost.... but need the realease the most..
Well sorry for the rant, I love the markets , but was recalling the days of ‘73 when a dime bag was 3 fingers deep and affordability was not a question, when using it was for something new, a social-ability Tool, an aid in deeper reflection... all without having to make payments on it :)
A casual use strik may be in order ? I bet since there is really big bucks wrapped in this, a reverse 420 may work, a week, maybe more..heck toss in booze too..that would...no more smoke, or booze till total decriminalization, not just legalized acceptance of certain portions...
Well any who..I got the cron dip today,..the dealings with DNA should prove very interesting, I think that is where the issue with the delay may be..? The implementation of the process may be costly, but savings in product production further out worth it...that is the only reason I grabbed cron, otherwise to me it is just another grower.
In that regard, it’s not just producing product cheaper but many more variations also.
Good nigh all...should be interesting in the morning.
Very interesting! I believe it will happen at some point and that’s why I’ve been accumulating CRON (and MO). In hindsight, I probably should have just concentrated on MO and let CRON come to me so to speak. Thank for sharing the link
I believe Cronos has exclusive rights (via their agreement with Ginkgo) to all product produced using the patented process.
I guess we will see when we finally get an announcement
I dont see where Cronos is on the patent application.
Below is the text on the tweet and they attached a copy of the patent application showing that it had been issued on Nov 1st.
when are @cronosgroup and @Ginkgo
going to announce the issuance of their Biosynthesis of cannabinoids patent? This is massive news for #biotech and the #cannabisindustry!
I'm not on twitter, I know. Can anyone paraphrase what was said or done on this tweet? Thank you in advance.
Cronos/Ginkgo Biosynthesis of cannabinoids patent.........This is significant!!
when are @cronosgroup and @Ginkgo going to announce the issuance of their Biosynthesis of cannabinoids patent? This is massive news for #biotech and the #cannabisindustry!#cannabis $CRON $DNA pic.twitter.com/CYav5IEAF5
— Matt Connors (@Matt__Connors) November 3, 2021
Although not mentioned in this article Im sure old Kurt and Gorenstein are doing the same crap. I truly do not understand the philosophy of these LP's.
https://www.theglobeandmail.com/business/article-canadian-cannabis-executives-earn-millions-as-companies-burn-cash/
Problem Only Being Released in Canada
CRON has done little to get new skus in USA which has a much larger market vs. Canada. Canada already saturated with similar product.
Looks like old Kurt is alot more excited than anyone on Wall Street, or for that matter CRON Shareholders:
“Today we mark an incredible achievement for Cronos Group and the cannabis industry at large with the launch of the first cannabis edible in Canada to feature cultured CBG. This new product is truly a breakthrough in cannabis innovation,” said Kurt Schmidt, President and CEO, Cronos Group. “We are delivering on our ultimate goal to introduce exceptional products that will unlock the full potential of cannabis and we look forward to bringing more rare cannabinoids to market under the SPINACH FEELZ™ sub-brand.”
For some reason I thought these cultured cannabinoids would have some large scale medical impact. I wished I had known 3 years ago that the "big plan" for all this research and expense was to make effing candy...unreal. You can see the market impact of this release...ZILCH
For some reason I thought these cultured cannabinoids would have some large scale medical impact. I wished I had known 3 years ago that the "big plan" for all this research and expense was to make effing candy...unreal. You can see the market impact of this release...ZILCH
Cronos Group Launches its First Cultured Cannabinoid Product, SPINACH FEELZ™ Chill Bliss 2:1 THC|CBG Gummy
October 20 2021 - 06:00AM
GlobeNewswire Inc.
It's about time. GLTA
Someone took a large position it appears. Any specific catalyst?
Does anyone know what may be the catalyst for the stock surgence that started about an hour ago? GLTA
I got tired of waiting for these people ... 3 years and they have not exceeded 15 million. Legalization is not on the horizon yet and they are not doing anything else. In my case, I no longer have positions in CRON. In the future, if I see something that encourages me again, I will buy again. Just look at the Instagram followers of Lord Jones and Happy Dance ... a very small captive market and nothing new.
Welcome to the club Cardvic…
There is no way of knowing what CRON management is doing. No PR's and if you contact CRON IR, they will not answer any questions that are not already public knowledge, they wont tell you they cant respond, they just dont. The BIG news was supposed to be the RARE cannabinoids in Sept 21. That turned out to be a non event. So now everyone is confused, where is the market, what is the plan? The only news released was the initial payment to Gingo. Ive even tried to contact Altria (mo) to get some information, no response to date. I guess we will have to wait until the next CRON ER conference call to hear some more bull sh1t. Why the secrecy??
Im pretty fed up, this has gone on long enough. Luckily my average is low enough that I can bail. Unfortunate because I believed their bullsh1t. Turns out CRON is just another mismanaged Canadian LP.
Is_CRON_Making_Headway_RE:_New_SKU's_Yet?
Slightly old news, but it illustrates how these Canadian LP executives including CRON, are swimming in cash as the stock price plummets:
https://mjbizdaily.com/cannabis-firm-cronos-ceo-gets-ca12-million-plus-in-partial-year-pay/
I don’t do this for the followers. LOL. Who cares about followers? I can see that you are a follower of people telling you to buy this scam. I’m just trying to bring awareness. Most of u are too embarrassed to cut your losses right now. Understandable…. Followers…LOLOL
Is that what you did? Sold all of your CRON?
Part of being a good investor is knowing when to cut your losses. This is one of those times… sell what u have and invest somewhere else before you lose it ALL and have nothing to show for all your time you have spent on this scam.
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