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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.
You never know even the fool might be right :)
https://www.fool.ca/2021/09/30/3-cannabis-stocks-to-buy-before-the-next-boom/
Sell this POS and buy crypto. You will make more money there than you will ever with this scam of a stock. Idiots….any day now guys any day now.
Concur. I thought that Sept 21 represented the commercialization of these cannabinoids, not some PR that says they paid Gingko for the first installment.
They have yet to make clear what the market is for these RARE Cannabinoids. I dont care what they discover, where is the market???
What keeps me going on CRON is the firm belief that this stock is worth more than 6 bucks a share, especially with Altria.
I think if the US ever legalizes (dont expect it anytime soon), Altria will buy out CRON and list on the NASDAQ as a US company. I hope they fire Adler and Gorenstein. That Redwood acquisition proves they have no ethics.
One funny thing Ive observed about CRON and the other LP's is the lower the share price, the more high paid execs they hire....unreal....
The "Coming Soon" takes 3 years ... and continues ... the truth is that every time I lose more interest ...
Sounds exciting!
Added to the CRON website:
https://www.thecronosgroup.com/cronos-rares
Really so float is small
So the bad news is stock futures look horrendously bad. The good news is CRON share price goes down in any market, good or bad. So its really just a normal day.
Insider ownership is up to 88.15% and short sellers are leaving (last few weeks).
Something is cooking ........fingers crossed!!
Security CRON / Cronos Group Inc.
Shares Outstanding 371,805,547 shares
Insider Shares 327,729,572 shares
Insider Ownership 88.15%
Total Insiders 22
Current Short Volume 18,800,000 shares
Previous Short Volume 20,610,000 shares
Change Vs. Previous Month -8.78%
Dollar Volume Sold Short $124.27 million
Short Interest Ratio / Days to Cover 11.1
Here is a topic from almost 3 years ago, that is never talked about:
https://www.newswire.ca/news-releases/cronos-group-inc-partners-with-technion-research--development-foundation-for-cannabinoid-based-skin-care-treatments-697565701.html
Dont know, and no way to find out. I read a few articles around the web, but nothing with any real substance concerning the Rare Cannabinoids. Im somewhat disappointed but have no choice but to hold on. The current share price is a disgrace.
No news is not always good news. We could sure use some updated pharmacy cannabinoid's news. We selling commercially yet? GLTA
I agree, where is the hoopla and fire works with commercialization of Rare Cannabinoids? After all its Sept 21, and CRON has been spouting this for YEARS and all we got was a PR saying Gingko was paid for the first milestone. I did contact CRON IR and the only way you get an answer is if its a "softball" question that you already know the answer to, anything else, no response.
I think the company owes the shareholders a real update.
So, the real smack in the face is that the CRON share price is below ACB.
It's quiet out there... Yeah, too quiet. Come on Investor Relations or management give us some updates, good news or something. GLTA
* The $1B in cash on the BS isn't slated for just organic growth he says with a :)
* The next 1-2 years will be very interesting he says with a smile :)
Recent Interview with Mike Gorenstein, scroll to about 9:52
https://finance.yahoo.com/news/video-cronos-group-exec-chairman-142411424.html
So here is the response from CRON IR:
Thank you, Cardvic.
I sent a request to CRON IR last week, still awaiting a response.
Has anyone heard anything about the commercial sales from the fermented cannabis(or pharmaceutical produced product)that Cronos and Ginko Bioworks have been jointly preparing to release? Ceo mentioned it would be ready for sale prior to September. GLTA
At first glance it appears promising unless Cronos position is decreased through the share issuance
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