With $1.1 billion in cash and cash equivalents on hand, Cronos Group (NASDAQ: CRON) has the resources and stability that many cannabis companies envy. It also has a partner in tobacco company Altria Group, which has owned a 45% stake in the cannabis producer since 2018. Altria's $1.8 billion investment is a main reason Cronos enjoys such a large stockpile of cash today. Read More...
3 Scary Numbers From Cronos’ Second-Quarter Results
With $1.1 billion in cash and cash equivalents on hand, Cronos Group (NASDAQ: CRON) has the resources and stability that many cannabis companies envy. It also has a partner in tobacco company Altria Group, which has owned a 45% stake in the cannabis producer since 2018. Altria’s $1.8 billion investment is a main reason Cronos enjoys such a large stockpile of cash today.
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