Cronos Group Inc (CRON)

[Gladys Thong]

Cronos Expected To Lose 40% Of Its Value

Jan 11, 2021: 3 Popular Stocks Expected to Lose 40% (or More) of Their Value, According to Wall Street

Cronos Group: Implied downside of 40%

. . . Cronos Group has lagged its peers quite significantly in the production department. Cronos' Peace Naturals facility is only capable of 40,000 kilos of output annually. Worse yet, this space isn't even being fully utilized . . . Long story short, Cronos' $3.1 billion market cap comes on the back of an estimated $33.9 million in full-year sales in 2020. Most billion-dollar pot stocks are generating sales figures like this in a few weeks.

. . . Since March 2019, Cronos has burned through $500 million, and it's shown few signs of turning the corner to recurring profitability.

There are plenty of great North American cannabis stocks to choose from. Cronos isn't one of them.