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Cronos Group Inc CRON

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Cronos Announces New CPG-Focused CEO to Help Drive Growth in CBD and Recreational Markets

Analyst Note

| Kristoffer Inton |

On Sept. 9, Cronos announced the appointment of Kurt Schmidt as president and CEO effective immediately. Mike Gorenstein, who has led Cronos since its founding in 2016, now serves as executive chairman. 

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Company Profile

Business Description

Cronos Group, headquartered in Toronto, Canada cultivates and sells medicinal and recreational cannabis through its medicinal brand, Peace Naturals, and its two recreational brands, Cove and Spinach. Although it primarily operates in Canada, Cronos exports medical cannabis to Poland and Germany. In addition, it has entered joint ventures in Israel, Colombia, and Australia to drive further international cultivation and distribution growth and acquired Redwood Holdings to sell CBD in the U.S.

720 King Street West, Suite 320
Toronto, ON, M5V 2T3, Canada
T +1 416 504-0004
Sector Healthcare
Industry Drug Manufacturers - Specialty & Generic
Most Recent Earnings Mar 31, 2020
Fiscal Year End Dec 31, 2020
Stock Type
Employees 631