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Company News

BUZZ-Cronos Group: Drops on rev miss, wider-than-expected loss

** U.S.-listed shares of cannabis company drop 4 pct to $19.53

** Q4 revenue falls short of analysts’ estimates; posts wider-than-expected qtrly loss per share, according to Refinitiv data

** Shares in Canopy Growth, Aurora Cannabis and Tilray shed between 0.4 pct to 0.5 pct

** More than 9.2 mln CRON shares traded, making it among the most actively traded stock across U.S. exchanges

** Of the 9 brokerages covering the Canadian stock , 3 rate it “buy” or higher, 4 “hold” and 2 “sell” or lower

** Including session moves, U.S. shares of Cronos up 89 pct this year, vs 86 pct climb in ACB and 65 pct rise in CGC (Reporting by Medha Singh in Bengaluru)

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