#6 - Cronos Group (NASDAQ:CRON)
Cronos Group (NASDAQ: CRON) - Many of the most successful cannabis companies share the common trait of being true believers. You would have to be because the process of taking cannabis mainstream has probably felt like Sisyphus and his rock. For Cronos, their passion is about removing the stigma of cannabis particularly as it relates to the medicinal marijuana market. Cronos is not a producer, they are a company that looks to invest in and provides support for the companies that advance their mission. They are the 100% owner of Peace Naturals which is licensed to produce and sell medicinal marijuana in Canada and Original BC which is licensed to cultivate and sell medicinal marijuana. They are also a part owner in Whistler Medical Marijuana Company which is licensed to produce and sell medical marijuana. Whistler Medical can also cultivate cannabis oil. By planting their stake firmly in the cannabis field, Cronos has opened itself to new opportunities including recent deals to become a supplier to several Canadian recreational cannabis dealers as well as being chosen as a supplier by Cura, a company already poised to become the leading provider of premium cannabis oil and hemp to the international markets where it is legal, including the United States. This agreement will allow Cura to enter the Canadian market.
About Cronos Group
Cronos Group Inc operates as a cannabinoid company that engages in the cultivation, production and marketing of cannabis products in Canada, Israel, and Germany. It offers dried flower, pre-rolls, oils, vaporizers, edibles, and cannabis tinctures under the Spinach, Lord Jones, and PEACE NATURALS brands.
Read More - Current Price
- $1.95
- Consensus Rating
- Sell
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $3.00 (53.8% Upside)
