Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

This Move Could Make Cronos the Hottest Pot Stock of 2021


Cronos Group (NASDAQ: CRON) has been one of the safer pot stocks to invest in, if for no other reason than it is backed by tobacco giant Altria, which owns a 45% stake in the business. But beyond that, Cronos hasn't given investors much reason to buy in. With relatively low sales numbers and operating losses in each of the past four quarters, its financials aren't all that impressive.

But now that the company may have an exciting new line of products on the way, I think that picture could change. The company recently made an announcement that could be a game changer not just for Cronos, but for the entire industry.

Image source: Getty Images.

Continue reading


Source Fool.com

Like: 0
Share

Comments