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News analysis

Cronos sees losses down, net revenue up due to higher sales in Canada and Israel

Written by || 9th March 2023 || News analysis | Cannabis – medical | Cannabis – recreational | Marketing and retailing | GeographiesAsia Canada Israel North America United States

Canadian cannabis producer Cronos Group saw overall reduced losses for the year, with results helped by sales growth in Canada and Israel but hindered by lower sales in the US.

The Toronto-based company lost $168.7m (all figures in US dollars) in 2022, but its losses were nevertheless reduced by 58% compared to 2021.

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Antonia Di Lorenzo

Assistant news editor/senior reporter
Antonia is a member of the editorial team and holds a masters degree in Law from the University of Naples Federico II, Italy. She moved in 2013 to London, where she completed a postgraduate course at the London School of Journalism. In the UK, she worked as a news reporter for a financial newswire and a magazine before moving to Barcelona in 2019.

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