Cronos Group Logs 4Q Loss as Foreign Exchange Losses Drag

Dow Jones

02/26

By Adriano Marchese

Cronos Group swung to a loss in the fourth quarter as foreign exchange losses offset revenue growth.

The cannabis company on Thursday posted a net loss of $491,000, or zero cents a share, compared with a profit of $43.9 million, or 11 cents a share, in the comparable quarter a year ago.

According to FactSet, analysts were expecting a profit of 2 cents a share.

The shift was mainly the result of foreign-exchange losses this period, compared with gains a year earlier, though Cronos said stronger gross profit helped soften the impact.

Adjusted earnings before interest, taxes, depreciation and amortization was $456,000, compared with a loss of $7.2 million.

Net revenue rose to $44.5 million from $30.3 million, topping forecasts of a more modest rise to $38.7 million. The rise was thanks to higher cannabis flower sales in Israel and other countries, where there are no excise taxes, and higher cannabis flower and extract sales in the Canadian market.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

February 26, 2026 08:23 ET (13:23 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The rise was thanks to higher cannabis flower sales in Israel and other countries, where there are no excise taxes, and higher cannabis flower and extract sales in the Canadian market. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 26, 2026 08:23 ET (13:23 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4557","symbol_name":"大麻股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2614426110","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2614426110","pubTimestamp":1772112180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Cronos Group swung to a loss in the fourth quarter as foreign exchange losses offset revenue growth.The cannabis company on Thursday posted a net loss of $491,000, or zero cents a share, compared with a profit of $43.9 million, or 11 cents a share, in the comparable quarter a year ago.According to FactSet, analysts were expecting a profit of 2 cents a share.The shift was mainly the result of foreign-exchange losses this period, compared with gains a year earlier, though Cronos said stronger gross profit helped soften the impact.Adjusted earnings before interest, taxes, depreciation and amortization was $456,000, compared with a loss of $7.2 million.Net revenue rose to $44.5 million from $30.3 million, topping forecasts of a more modest rise to $38.7 million. The rise was thanks to higher cannabis flower sales in Israel and other countries, where there are no excise taxes, and higher cannabis flower and extract sales in the Canadian market.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4557":"大麻股","BK4007":"制药","CRON":"Cronos Group Inc."},"translate_title":"由于外汇损失拖累，Cronos Group第四季度亏损","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRON":0.9},"content_text":"By Adriano Marchese \n\n\n \n\n\n  Cronos Group swung to a loss in the fourth quarter as foreign exchange losses offset revenue growth. \n\n\n  The cannabis company on Thursday posted a net loss of $491,000, or zero cents a share, compared with a profit of $43.9 million, or 11 cents a share, in the comparable quarter a year ago. \n\n\n  According to FactSet, analysts were expecting a profit of 2 cents a share. \n\n\n  The shift was mainly the result of foreign-exchange losses this period, compared with gains a year earlier, though Cronos said stronger gross profit helped soften the impact. \n\n\n  Adjusted earnings before interest, taxes, depreciation and amortization was $456,000, compared with a loss of $7.2 million. \n\n\n  Net revenue rose to $44.5 million from $30.3 million, topping forecasts of a more modest rise to $38.7 million. The rise was thanks to higher cannabis flower sales in Israel and other countries, where there are no excise taxes, and higher cannabis flower and extract sales in the Canadian market. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 26, 2026 08:23 ET (13:23 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}