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CRON / Cronos Group exits US hemp CBD business to boost cash flow

Cronos Group exits US hemp CBD business to boost cash flow
Cronos Group Inc (NASDAQ:CRON, TSX:CRON) said it has decided to streamline its operating structure by winding down and exiting its existing US hemp-derived CBD-focused operations by the end of the second quarter of 2023. The global cannabinoid company noted it made the move to improve its cash flow in the near term and position itself to directly enter the US THC market when the necessary changes in the country's regulatory conditions occur. Read More
Posted: Jun 2 2023, 09:54
Author Name: Proactive Investors
Views: 110548

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