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Why Cronos Group Stock Crashed 9% Today

TheMotleyFool

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Late Wednesday night, Canadian cannabis company Cronos Group (NASDAQ: CRON) filed an 8-K form with the SEC, advising that way back on Dec. 31, both its chief operating officer and its chief commercial officer resigned from the company.

Now, you might expect that such a late-night revelation, combined with the company waiting so long to reveal it at all, might not have gone over well with Cronos' shareholders. You might even have expected some of them to be sufficiently upset to sell the stock -- but that didn't happen. In fact, once trading resumed on the Nasdaq Thursday, Cronos stock hardly budged, actually closing the day up $0.01 a share.

But no such luck on Friday.

Source Fool.com

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