$168 million in losses

Canadian cannabis producer Cronos Group lost $78.9 million in its fourth quarter ended Dec. 31, bringing the company’s net loss for the year to $168.7 million. The Toronto-based company on Tuesday reported that its net revenue grew 23% year-over-year to $91.9 million in 2022. Cronos’ revenue in the United States fell 48% in the same time period, to $5.2 million in 2022. That … [Read more...] about Cannabis producer Cronos Group ends year with $168.7 million loss