Cronos rises on positive Q3 results

Cronos

08/11/2023 14:29

** U.S.-listed shares of cannabis company Cronos  CRON.O  up
3.2% at $1.95 premarket 
    ** Co's quarterly revenue jumps 22% to $24.8 million from a
year ago, vs analyst's estimates of $19.8 million per LSEG data
    ** Higher sales in Canada drove revenue growth, says co 
    ** Net loss narrows to $1.5 mln from $33 mln in the previous
year
    ** Co says it continues to monitor the ongoing conflict and
the potential impact on co's personnel and business in Israel 
    ** Up to last close, stock has fallen ~25.6% YTD

 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com))