Brief: Cronos Group Announces Streamlined Operating Structure To Improve Cash Flow

Cronos

31/05/2023 22:09

May 31 (Reuters) - Cronos Group Inc  CRON.TO :
    * CRONOS GROUP ANNOUNCES STREAMLINED OPERATING STRUCTURE TO
IMPROVE CASH FLOW
    * CRONOS GROUP INC- PLANS TO EXIT EXISTING U.S. HEMP-DERIVED
CBD
OPERATIONS
    * CRONOS GROUP INC - INTENDS TO LAUNCH LORD JONES® BRAND IN
CANADIAN ADULT-USE MARKET IN Q4 2023
    * CRONOS GROUP INC- IS ALSO INCREASING 2023 OPERATING
EXPENSE
SAVINGS TARGET FROM A RANGE OF $10 TO $20 MILLION TO A NEW RANGE
OF $20 TO $25 MILLION
    * CRONOS GROUP INC - BEGINNING WITH Q2 OF 2023, COMPANY
INTENDS TO
REPORT ITS FINANCIAL RESULTS UNDER ONE CONSOLIDATED SEGMENT
    * CRONOS GROUP INC- IN CONNECTION WITH EXIT OF ITS EXISTING
U.S.
OPERATIONS, CRONOS EXPECTS TO INCUR EXPENSES IN Q2 OF 2023, OF
UP TO $1.8 MILLION
    * CRONOS GROUP INC - WILL CONTINUE TO INVEST IN RESEARCH AND
DEVELOPMENT AND PRODUCT DEVELOPMENT IN CANADA

Source text for Eikon:  ID:nGNX4kZ6WV 
Further company coverage:  CRON.TO 

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