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Benzinga
Benzinga
Business
Nina Zdinjak

Cronos Q1 Revenue Improves 101.61% YoY, Cannabis Company Attributes Growth To This

Cronos Cronos Group Cronos Group Inc

Cronos Group Inc. (NASDAQ:CRON) (TSX:CRON) reported Tuesday its 2022 first quarter business results with net revenue growth of 101.61% year-over-year, due to the revenue improvements in the Israeli medical market and the Canadian adult-use market.

“I founded Cronos because of the once-in-a-lifetime opportunity to help build and shape an industry that has the potential to improve countless lives. As CEO, I am committed to re-instilling a start-up culture with a founder’s mentality across all levels of the organization,” Mike Gorenstein, chairman, president and CEO, Cronos Group stated. “The strategic realignment we announced in the first quarter of 2022 reset the organization to this mindset and we are seeing the benefits show through in our performance.”

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