Cronos Group Inc

CRON: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 8.70	Zvc	Hyhwpzw

Gorenstein Returns as Cronos CEO; No Change to Moat, FVE, or Capital Allocation Ratings

Kristoffer Inton

Mar 21, 2022

In a surprise announcement, Cronos revealed that former CEO and current executive chairman Mike Gorenstein will once again return to helm the company as CEO, president, and chairman effective immediately. CEO Kurt Schmidt will retire as of March 21. With no warning of his pending retirement and the immediate effectiveness of the change, we suspect that the change stems from Cronos’ ongoing disappointing financial performance.

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