Cronos reports $161 million net loss on revenue of $12.6 million
Canadian cannabis producer Cronos reported a net loss of $161 million (195 million Canadian dollars) for its January-March quarter on net revenue of only $12.6 million, according to its quarterly financial statement released Friday. The Toronto-based company’s operating loss for the quarter was $43.5 million. Revenue was well below analyst expectations of around $16 million …
Cronos reports $161 million net loss on revenue of $12.6 million Read More »