CRON Bullish

2020년 1월 31일

15 to 1 RR...sweet!

2020년 1월 31일

노트

For much of the past year, Cronos Group (NASDAQ:CRON) has also found itself as a top-five pot stock by market cap. Although its production is nowhere near on par with its equally sized peers, and the company continues to lose money on an operating basis, it did receive a $1.8 billion equity investment from Altria Group in March 2019. With $1.53 billion in cash and short-term investments still on its balance sheet (as of the end of its most recent quarter), it's the second-most cash-rich pot stock in the industry, and is somewhat able to use its cash as a downside buffer