Tag: Cronos

StaffAugust 9, 2022
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BusinessDaily Hit

The Daily Hit: August 9, 2022

10min00
The Daily Hit is a recap of cannabis business news for August 9, 2022. ON THE SITE Cronos Makes Gains in The Second Quarter Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) reported its 2022 second-quarter earnings with net revenue of $23.1 million which jumped from last year’s $7.4 million for the same time period. However, […]
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StaffJune 21, 2022
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BusinessDaily Hit

The Daily Hit: June 21, 2022

10min00
The Daily Hit is a recap of the top cannabis business stories for June 21, 2022. ON THE SITE Juva Life Gets $11 Million in Pelorus Equity Deal Privately owned Pelorus Equity Group has closed an $11.8 million financing with Juva Life Inc. (OTC: JUVAF), a life science company with pharmaceutical research and development and […]
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William SumnerMarch 22, 2018
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Business

Cronos Group Secures $100 Million Bought Deal

3min00
On March 22, 2018, Cronos Group Inc. (CRON) announced that it had entered into an agreement with a series of underwriters, which was co-led by GMP Securities L.P. and BMO Capital Markets, to sell 10,420,000 common shares of the company. Priced at $9.60 per common share, the total value of the deal is approximately $100 […]
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StaffSeptember 14, 2017
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Financial

Cronos Picks Up Another $10 Million For Expansion

3min00
Cronos Group Inc. (PRMCF) announced a private placement for $10 million at a price of $2.25. The proceeds will be used to fund the continued expansion of the company’s production capacity. Canaccord Genuity analyst Matt Bottomley thinks Cronos Group is still undervalued. “We believe securing additional capacity to supply international markets provides attractive optionality for the […]
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