Cronos Group Inc. ($CRON) Stock Forecast: Up 5.9% Today

What is Cronos Group Inc.?

CRON is the ticker symbol for Cronos Group, a cannabis company listed on the NASDAQ. The cannabis industry has been experiencing mixed results lately, with some companies showing revenue declines while others, like Cronos Group, have been performing well.

Why is Cronos Group Inc. going up?

CRON stock is up 5.9% on May 8, 2025 17:09

• Cronos Group (CRON) experienced a strong bullish movement today.
• The launch of an exchange traded product (ETP) for Crypto.com's Cronos token in Europe and the US has likely increased investor interest and confidence in Cronos Group.
• Cronos Group's positive net income and margin growth, as well as consistent REIT performance from IIPR, have contributed to the bullish market movement.
• The market split in the cannabis industry, with some companies facing revenue declines while others like Cronos Group are thriving, may have also influenced investor sentiment towards CRON.

CRON Price Chart

CRON Technical Analysis

CRON News

Cannabis Earnings Show Market Split: US Plant-Touching Stocks Drop, IIPR And Cronos Up - Cronos Group ( NASDAQ:CRON ) , Cannabist Company Hldgs ( OTC:CBSTF )

Mixed Bag: GTI, Verano, Cannabist and MariMed posted revenue declines or flat growth, with profitability under pressure. Winners: Cronos Group posted net income and margin growth; IIPR delivered consistent REIT performance and raised its dividend.

https://www.benzinga.com/news/earnings/25/05/45291060/cannabis-earnings-show-market-split-us-plant-touching-stocks-drop-iipr-and-cronos-up

21Shares launches ETP for Crypto.com's Cronos token

21Shares has launched an exchange traded product ( ETP ) in Europe, providing investors with exposure to Crypto.com's Cronos token, the asset manager said. The ETP is listed on Euronext's Paris and Amsterdam exchanges, 21Shares said in a May 6 announcement.

https://cointelegraph.com/news/21-shares-launches-cronos-etp

21Shares Debuts Cronos ETP in US Amid Altcoin Fund Frenzy

The Switzerland-based issuer is offering a fund tracking the price of Cronos to US investors.

https://decrypt.co/318148/21shares-debuts-cronos-etp-in-us-amid-altcoin-fund-frenzy

21Shares Launches Cronos ETP to Expand Access to Emerging Web3 Infrastructure

New product offers investors regulated exposure to the fast-growing Cronos blockchain, powered by ...

https://www.globenewswire.com/news-release/2025/05/06/3074830/0/en/21Shares-Launches-Cronos-ETP-to-Expand-Access-to-Emerging-Web3-Infrastructure.html

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Cronos Group Inc. Price History

06.10.2024 - CRON Stock was down 7.3%

• CRON experienced a bearish movement despite the overall bullish trend in the cannabis sector.
• The surge in other cannabis stocks like Australis Capital (AUSAF) and CordovaCann (LVRLF) might have diverted investor attention away from CRON.
• It's possible that CRON faced specific challenges such as regulatory hurdles or disappointing earnings reports, leading to the bearish market movement.
• Investors may have rotated their investments towards more promising opportunities within the cannabis industry, causing CRON to underperform compared to its peers.

27.07.2024 - CRON Stock was down 6.3%

• Cronos Group (CRON) experienced a strong bearish movement today.
• The pre-market session indicated a downward trend in CRON's stock price.
• The negative performance of Ubiquiti Inc. and other big stocks may have influenced overall market sentiment, leading to the bearish movement in CRON.
• Investors might be reacting to the worse-than-expected sales results of Ubiquiti Inc., which could have created a ripple effect across various sectors, including the cannabis industry where CRON operates.

31.09.2024 - CRON Stock was down 5.6%

• CRON stock experienced a bearish movement possibly due to profit-taking after recent gains in other cannabis stocks like Australis Capital and Blueberries Medical.
• The upcoming third-quarter earnings conference call may have raised concerns or uncertainty among investors, leading to a sell-off in CRON shares.
• The positive performance of other cannabis stocks could have shifted investor focus away from CRON, causing a decline in its stock price.
• Overall, the bearish movement in CRON today could be a combination of profit-taking in the cannabis sector and anticipation surrounding the upcoming earnings call.

14.10.2024 - CRON Stock was down 6.1%

• The CEO of Cronos Group, Mike Gorenstein, expressed optimism about Trump's stance on cannabis reform.
• Despite the positive outlook, Gorenstein warned against expecting rapid changes in the industry.
• The market might have reacted negatively to the cautionary tone regarding the pace of reform, leading to the bearish movement in CRON stock.

08.04.2025 - CRON Stock was up 7.1%

• The bullish movement in CRON today can be attributed to the launch of the Cronos token ETP by 21Shares in Europe and the US, providing investors with more exposure to the emerging web3 infrastructure.
• The increased accessibility to Cronos blockchain through regulated investment products has likely generated excitement among investors, leading to a surge in demand for CRON shares.
• This news highlights the growing interest in alternative assets like cryptocurrencies and blockchain technology, driving up the value of companies like Cronos Group that are involved in these innovative sectors.

08.04.2025 - CRON Stock was up 5.9%

• Cronos Group (CRON) experienced a strong bullish movement today.
• The launch of an exchange traded product (ETP) for Crypto.com's Cronos token in Europe and the US has likely increased investor interest and confidence in Cronos Group.
• Cronos Group's positive net income and margin growth, as well as consistent REIT performance from IIPR, have contributed to the bullish market movement.
• The market split in the cannabis industry, with some companies facing revenue declines while others like Cronos Group are thriving, may have also influenced investor sentiment towards CRON.

12.10.2024 - CRON Stock was up 15.9%

• The bullish movement in CRON today can be attributed to Google Cloud becoming the main validator on Cronos blockchain.
• This partnership with Google Cloud is seen as a significant step towards enhancing Cronos' blockchain network's decentralization and security, which has likely boosted investor confidence in the company's future prospects.
• The collaboration with reputable validators like Crypto.com and Blockdaemon further adds credibility to Cronos' blockchain infrastructure, potentially attracting more investors to the stock.
• Overall, this positive development in the blockchain space for Cronos Group has contributed to the bullish movement in the stock today, reflecting optimism about the company's technological advancements and strategic partnerships.

05.07.2024 - CRON Stock was up 5.4%

• The bullish movement in CRON's stock today could be attributed to the overall positive sentiment in the cannabis industry.
• The anticipation of favorable regulatory changes, such as potential legalization in more European countries and reclassification in the US, may have boosted investor confidence in cannabis stocks like CRON.
• Companies in the cannabis sector showing signs of financial improvement and growth potential could have further fueled optimism around CRON's future prospects, leading to the bullish market movement today.

09.07.2024 - CRON Stock was down 5.4%

• Today, CRON experienced a strong bearish movement in the market, likely influenced by the following factors:
• Despite reporting revenue of $27.76 million for Q2 2024, which exceeded analyst estimates, the company still reported negative earnings per share, indicating potential concerns about profitability.
• Public awareness of a massive cannabis recall in Missouri affecting over 2,600 products from a single brand may have raised industry-wide quality and regulatory concerns, impacting investor sentiment towards cannabis stocks like CRON.
• The civil grand jury report in L.A. highlighting issues with licensed dispensaries engaging in illegal activities to boost revenue could have added negative pressure on cannabis stocks, including CRON.
• The overall regulatory environment and competition within the cannabis industry, as mentioned in discussions about regulatory headwinds and cash burn, may have contributed to the bearish movement in CRON's stock price today.

08.07.2024 - CRON Stock was up 5.1%

• Cronos Group reported its highest quarterly net revenue on record in Q2 2024, reaching $27.8 million, which is a 46% year-over-year increase.
• The strong revenue growth was driven by expansions in Canada, Israel, and Germany, as well as the initiation of sales in the United Kingdom.
• The introduction of new products like Spinach Grindz™ and SOURZ Fully Blasted 10mg THC gummies under the Spinach® brand contributed to revenue growth.
• The market reacted bullishly to Cronos' positive financial results and strategic investments for future growth, indicating investor confidence in the company's performance and expansion plans.

27.01.2025 - CRON Stock was up 8.3%

• Despite missing revenue estimates, CRON experienced a strong bullish movement due to a 27% increase in Q4 sales, driven by higher cannabis flower and extract sales.
• The improved profitability, with gross profit rising significantly, contributed to the positive market sentiment.
• Investors seem optimistic about CRON's performance, overlooking the revenue miss and focusing on the growth in net revenue for both Q4 and the full year.
• The upcoming earnings conference call may provide further insights into the company's strategies and financial outlook, potentially sustaining the bullish momentum.

27.01.2025 - CRON Stock was up 3.5%

• CRON witnessed a notable increase in its stock price today.
• The positive movement could be linked to Cronos Group unveiling impressive financial results for the fourth quarter and full year of 2024, showing significant growth in net revenue.
• The upcoming earnings conference call scheduled for February 27, 2025, likely encouraged optimism among investors, fueling expectations for further positive developments and growth opportunities.
• The company's robust financial performance and investors' trust in its future prospects were key factors driving today's upward momentum in the stock price.