Cronos group 2020 STOCK update: Did i sell?(CRON)

Published on June 12, 2021

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In this video we discuss Cronos Group 2020 stock,The balance sheets and how Cronos group keeps so much cash flow on hand. Cronos group currently has about $CA 1.1 Billion dollars in cash on hand during the second quarter of the year. The influx of cash Cronos group has is due to their lack of acquisitions and major deal of 1.8 billion dollar investment, they did with the tobacco company Aphria in 2019.

CRONOS GROUP has a market cap of 1.9 Billion dollars, this is compared to Aphria’s 1.3 billion. Cronos operates and sells cannabis under the name “Peace Naturals “ for the medical side, and its recreational side is called “Cove” and “spinach”. As well as Hemp CBD under the name “Lord Jones” and “Peace brands”.

If you think back Ginkgo Bioworks and Cronos group teamed up in 2018, to produce scaleable “Cultured Cannabinoids”, to treat Chronic pain, nervous disorders and mental illnesses.

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