Cronos Group cultivates and sells cannabis predominantly in Canada and Israel. With 2023 net sales below CAD 100 million, it is the smallest Canadian licensed producer we cover by far. This hurts its ability to reach scale on overhead expenses, leading us to forecast the company will not reach breakeven adjusted EBITDA profitability within our 10-year forecast.
Altria Group’s investment of $1.8 billion provides Cronos with capital and a strategic partner with significant product development, branding, and regulatory experience. If successful, Altria Group may increase its ownership of Cronos or potentially acquire it.
Cronos' small size adds difficulty to reaching profitability, as it struggles to leverage overhead expenses.
|
Metric
|
CRON
|
CGC
|
TLRY
|
|---|---|---|---|
Price/Earnings (Normalized) | 1,396.06 | — | — |
Price/Book Value | 0.81 | 1.54 | 0.38 |
Price/Sales | 9.30 | 2.13 | 1.58 |
Price/Cash Flow | — | — | — |
|
Metric
|
CRON
|
CGC
|
TLRY
|
|---|---|---|---|
Quick Ratio | 26.51 | 1.09 | 0.96 |
Current Ratio | 28.19 | 1.58 | 1.92 |
Interest Coverage | — | −3.63 | −4.39 |
|
Metric
|
CRON
|
CGC
|
TLRY
|
|---|---|---|---|
Return on Assets (Normalized) | −0.28% | −17.78% | −1.42% |
Return on Equity (Normalized) | −0.29% | −46.87% | −1.82% |
Return on Invested Capital (Normalized) | −4.97% | −16.41% | −0.92% |
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1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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Capital Allocation
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Economic Moat
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Market Cap
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