CryptoCondom|11月 05, 2026 13:33
There's always a bull market somewhere. The blue wave means weed stocks will likely see tailwinds in the years ahead.
Canadian @cronosgroup CRON Q3 earnings were a blow out and adds to their already fortress balanace sheet of $850m+ CASH
🟢 Revenue exploded 75% YoY: Record quarterly revenue of $63.5 million, versus $36.3 million last year. Organic, constant-currency growth was 73%.
🟢 Adjusted EBITDA tripled: Increased from $5.7 million to $17.1 million (+200%), demonstrating substantial operating leverage and improving profitability.
🟢 Gross profit surged 76%: Reached $32.3 million, with gross margins improving to 50.9%. Higher international sales and production efficiencies supported profitability.
🟢 Massive $841 million liquidity position: Cash, restricted cash, short-term investments, and interest-bearing deposits totaled approximately $840.6 million, providing substantial financial flexibility.
🟢 International expansion accelerating: Israel recorded its 11th consecutive quarter of record revenue. Germany also achieved record revenue. Spinach maintained leading market positions in Canadian vapes and edibles.
🟢 Shareholder-friendly buybacks: Cronos repurchased approximately 15.5 million shares during the first nine months of 2026, reducing outstanding shares rather than diluting shareholders.
🟢 Major European catalyst: Completed the acquisition of CanAdelaar, the Netherlands’ largest adult-use cannabis operator, in October. This provides another platform for European revenue growth
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