May 9, 2019 / 8:06 PM / 7 months ago

BUZZ-Cronos Group shares fall after Q1 results, Cowen cuts PT

** Shares of Canadian marijuana company Cronos Group Inc drop 8.4% at C$18.98 after Q1 results

** Co’s Q1 rev of C$6.5 mln missed analysts’ est. of C$6.9 - Refinitiv IBES Data

** Co reports Q1 profit of C$0.48 per share

** Co sold 1,111 kilograms of cannabis in Q1 2019, representing a 122% increase over the year, primarily driven by increased cannabis production

** Separately, Cowen and Company cuts PT to C$21 from C$26

** Shares of Aurora Cannabis down 2.68%, Canopy Growth 2.39% respectively; Tilray up 1.27%

** Stock up 31.7% YTD (Reporting By Arundhati Sarkar in Bengaluru)

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