Cronos Group Slides 3% on Q1 Results

Cronos Group (NASDAQ: CRON) traded lower on Friday in the wake of the Q1 of fiscal 2020 results it published early in the day.

For the quarter, the company posted revenue of $8.43 million, which was 15% higher on a quarter-over-quarter basis and nearly three times the Q1 2019 figure. On the bottom line, net income rose to $75.7 million ($0.20 per diluted share) from the previous quarter's $61.6 million.

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Source Fool.com