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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 | Asia 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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