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Cronos Q1 FY26 net income jumps 103% to USD 15.71 million; revenue rises 40% to USD 45.21 million

PUBT·05/11/2026 11:31:38
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Cronos Q1 FY26 net income jumps 103% to USD 15.71 million; revenue rises 40% to USD 45.21 million
  • Cronos Group posted Q1 2026 net revenue of USD 45.2 million, up 40% year over year, with gross profit rising 39% to USD 19.15 million.
  • Net income climbed 103% to USD 15.71 million, while adjusted EBITDA improved to USD 5.08 million from USD 2.29 million a year earlier.
  • Cash and cash equivalents totaled USD 821.86 million at quarter-end, up 3% from a year earlier.
  • Board authorized a new USD 50 million share repurchase program starting May 14, 2026, after buying 13,394,475 shares for about USD 33.5 million under the prior plan.
  • Spinach reached No. 1 share in Canada vapes, while Cronos extended the long-stop date for its CanAdelaar acquisition to Sept. 9, 2026 and expects the deal to close in summer 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cronos Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605110730PRIMZONEFULLFEED9717063) on May 11, 2026, and is solely responsible for the information contained therein.