Will Cronos Group Rebound In 2020?
Cronos Group (NASDAQ: CRON) was once known as the best-performing marijuana stock of all time, and the good news for the company is that it performed better than many of its peers in 2019.
The bad news for Cronos, however, is that it still didn't perform well. Sure, the company's shares slid by "only" 26%, whereas the Horizons Marijuana Life Sciences Index ETF -- which holds many of the top cannabis companies, including Cronos -- lost 36% of its value last year. Still, a 26% decline is nothing to be proud of, particularly when the broader market performed very well; the S&P 500 was up by about 29% in 2019. Like other marijuana companies, Cronos will look to have a much better year in 2020, but does the Toronto-based pot grower have what it takes to stage a strong comeback this year?
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Source Fool.com
