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Cronos Group Slides on Q4 Results

TheMotleyFool

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Cronos Group (NASDAQ: CRON) ended the week on a down note after it released a set of quarterly results revealing a steep net loss.

For the Canadian marijuana company's fourth quarter of 2020, net revenue came in slightly over $17 million, well above the nearly $11.4 million of the preceding quarter, and a robust 133% higher than the Q4 2019 result. The latest top-line number also comfortably exceeded the average analyst estimate of $13.8 million.

Image source: Getty Images.

Source Fool.com

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