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Cannabis 2021 Predictions: Will Cronos Group Surge Higher?

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This week, I dip a deep dive on a cannabis stock many of you have requested: Cronos Group Inc. (Nasdaq: CRON ).

I looked at what the company does, its financials and its stock.

About Cronos Group

Cronos is an international cannabinoid company based in Canada.

It manufactures, markets and distributes hemp-derived supplements and cosmetic products through e-commerce, retail and partner organizations.

It operates in both the recreational and medical use markets.

Its brands include:

  • Peace Naturals: Billed as the company’s high-quality medical cannabis line, it includes vaporizers and oils. It’s available in Australia, Canada, Germany and Israel.
  • Cove: This line includes four different crafted lines of cannabis, ranging from sativa to indica. It also includes a hybrid CBD. Most of the products are suited for oil, flower or pen distribution. It’s only available in Canada.
  • Spinach: This is another cannabis line that includes hybrid, sativa and indica lines. Users can consume the lines as oil, rolled or vapor. It is also available primarily in Canada.
  • Lord Jones: Cronos Group’s primary CBD line, it includes tinctures, infused cosmetics, bath oils, gumdrops and chews. It is available mostly in the U.S.
  • Happy Dance: This is another CBD line that includes more infused skin care. It’s created in partnership with actress Kristen Bell. It is available in the U.S.
  • Peace+: These products are hemp-derived CBD. They are tinctures that come in a variety of flavors. This line has not fully been released, but will be available in the U.S.

The third quarter was big for Cronos Group. In addition to the partnership with Kristen Bell, it appointed a new CEO who brings a ton of experience in growing global consumer brands. (More about both of these initiatives in the Marijuana Market Update.)

Cronos Group Financials

The company had a solid third quarter:

  • Reported net revenue of $11.4 million in the quarter — a $5.6 million increase from the same quarter a year ago.
  • Reported a gross loss of $1.5 million — a $1.6 million decrease from the same quarter a year ago.
  • The company’s arm in Israel — Cronos Israel — received all the necessary certification from the Israeli government to begin cultivating, producing and marketing flower, pre-rolls and oils in Israel.

It wasn’t all good news, though. Check out the Marijuana Market Update for a full picture look at Cronos’ financials.

Cronos Group (CRON) Stock Picture

The positive news in the quarterly report resonated with the company’s share price:

Cronos’ Stock Popped 35% After Earnings Report

Immediately after its quarterly earnings report, Cronos’ stock price popped by more than 35%.

In the Marijuana Market Update, I explain how CRON stock ranks on Adam O’Dell’s six-factor Green Zone Ratings system — and whether it’s a cannabis stock to get into before 2021.

Cannabis Watchlist Update

Don’t forget: I just added a new stock to the Cannabis Watchlist this week! If you missed it, you can catch up here.

Our watchlist performance is strong so far:

  • Turning Point Brands (NYSE: TPB ) is the most recent addition to the list. I added it to the watchlist in the middle of October. It’s a traditional tobacco company that has started making products for the cannabis industry. So far, it has outperformed the rest of the cannabis industry and produced gains of more than 30% since I put it on the list.
  • Schweitzer-Mauduit International Inc. (NYSE: SWM ) is another tobacco company that has developed products for cannabis use. SWM is a strong performer. Since I put it on the watchlist in September, the company’s share price has jumped more than 20%.
  • PerkinElmer Inc. (NYSE: PKI ) tests various strains of cannabis for consumption. Since I put it on the Watchlist in September, the company’s shares are up more than 9%.

And our new stock is up 7% in just a few days!

As always, my team and I love the feedback we’re getting on our YouTube channel and through email.

Feel free to send comments, questions and stocks you want us to examine to [email protected] — or leave a comment on YouTube!

Where to Find Us

To watch the Marijuana Market Update before anyone else, just subscribe to our YouTube channel, and get an alert when we release a new update.

Coming up this week, we’ll have more on The Bull & The Bear podcast and our Money & Markets Week Ahead, so stay tuned.

Until next time…

Research Analyst, Money & Markets

Matt Clark is the research analyst for Money & Markets. He’s the host of our podcast, The Bull & The Bear, as well as the Marijuana Market Update. Before joining the team, he spent 25 years as an investigative journalist and editor — covering everything from politics to business.

Cronos Group has done a lot to bolster its cannabis business in Canada and abroad. Let's see how the stock shapes up as we head into 2021.

Entomology Today

Brought to you by the Entomological Society of America

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Entomology 2020: Attendees Note Favorites From Live Sessions

Entomology 2020, the Entomological Society of America’s Virtual Annual Meeting, is underway. Explore the full online program.

Entomology 2020, the Entomological Society of America’s Virtual Annual Meeting, has continued this week, with four days of live symposia and programming taking place Monday through Thursday. As we did last week, Entomology Today asked participants to share some of their favorites from the livestreamed events, plus more on-demand content they may have watched.

See what they have to say below about some of the highlights from this week. And be sure to continue to take advantage of the on-demand conference content, available through November 30. (Monday and Tuesday live sessions are now available on-demand, and Wednesday and Thursday will be available soon.)

You can also find more commentary on Twitter via the hashtag #EntSoc20. And, if you haven’t already, you can still sign up to get immediate access to all of Entomology 2020 content, now extended through November 30.

“On Tuesday morning, I participated in the virtual P-IE Section livestream symposium on entomology of Cannabis sativa. I was very interested to learn about the different pests that could affect hemp In North America. I was especially interested by talks about corn earworm, a corn pest that could become an important pest for hemp in the province of Quebec, Canada. I’m happy to see that studies are conducted to develop management practices in the U.S. and Canada. I was also interested by the presentation given by Sean Prager on the impact of cannabis oil on bumble bees. I also liked the possibility to chat with the presenters during the livestream symposium!” —Julien Saguez, Ph.D.

“This presentation by Joseph E. Munyaneza highlights the work of a past president of the International Association of Black Entomologists as he shares his experiences with transitioning as an international scholar to leading a successful career within USDA-ARS. Ways to support and encourage young people to maximize their potential and enjoy success as entomologists are also outlined. The on-demand talk was refreshing and positive. A must-read/listen for students (domestic and international) as well as early-career professionals.” Michelle Samuel-Foo, Ph.D.

“This talk has very dead insects (that went extinct tens of millions of years ago) rotating in 3D. It’s one of the few presentations I’ve seen that combines research and outreach. The detailed micro-CT scans are truly stunning—it’s amazing how many features are visible on the fossils. Plus, you get to see ants with mammoth-tusk-like mandibles.” —Sandra R. Schachat

Really impressive work on pitcher plant flesh flies (#Sarcophagidae) by @theKannArtist! SO many collecting localities. Also a very nice talk: https://t.co/FgezEQdrjU #EntSoc20 pic.twitter.com/G0q2AGQXqn

“A great overview of a major pest with updates from all around the globe. Well worth the time to check it out.” —Scott O’Neal, Ph.D.

“How fortuitous. Recently my lab has started to do more micro-CT scanning and analyses since it can be done during lockdown. One of the most labor-intensive steps is the segmentation of the scans, where you try your best to identify and interpolate the structures of interest. The more scans, the more time this will consume. In this talk, Thomas van de Kamp (re)introduced the free open-source tool Biomedisa that semi-automates this step. In one example, Thomas showed that a task that took him 77 hours to complete “only” took 9 hours to complete when implementing Biomedisa. My students thank you, Thomas!” —Marianne Alleyne, Ph.D.

“Dr. Michelle Samuel-Foo gave an incredible and moving presentation that fully captured the brilliant and admirable life of Dr. Ernest James Harris. I was truly moved to hear about how he overcame his struggles and setbacks in life to become a very accomplished entomologist but, above all, a truly magnificent person. Although I have been in the USDA-ARS for nearly 22 years, I have only heard of Dr. Harris from colleagues that had known him. From Michelle’s perspective, I can now fully appreciate all that he accomplished. We all need to take time to learn about others that have paved the way for so many of us. Bravo, Michelle!” —John Adamczyk, Ph.D.

Founders Memorial Lecture this morning at #EntSoc20 by @MichelleSam13 opens: “my goal is to make Dr. Ernest Harris a household name” wonderful talk! https://t.co/eCVEeKymLs

“I found Carlos Josue Esquivel Palma’s presentation so inspiring and thoughtful. He shared that mistakes, failures, fears and insecurity can hinder our dreams, but it is important to keep hearing that we can always face it and, with the support of the people who love us, to fix it and move forward to reach success and happiness in career and life. He gives a set of good advice and remembers that bad times won’t last forever.” Juliana Torres Toro

“I participated in a great and impressive talk given by young Olivia Goodreau, a teenager who launched her first mobile app, TickTracker. She started the LivLymeFundation when she was only 12! She wants to help kids who cannot afford Lyme disease drugs and wants to find a cure. Very inspiring!” —Julien Saguez, Ph.D.

Just watched every talk in the #EntSoc20 symposium Hyper-Effective Outreach: How Entomology Blossoms Outside The Academic Sphere Through The Ant Keeping Hobby. It’s not just for ant people, it has good info for all kinds of entomologists. https://t.co/kwyzw6K1Ud pic.twitter.com/1NbJzzC68j

“A simple and well put-together poster by Timothy B. Johnson, making the case for using biopesticides for pest management in Cannabis! If you are interested in hemp entomology, then this is definitely worth a read!” Michelle Samuel-Foo, Ph.D.

“This was an important symposium for everyone to attend. I especially appreciated Florence Holland’s talk ‘Implicit bias and microaggressions’ and would love to hear the full workshop. I think this would be a great idea for an Early-Career Professionals Committee-sponsored webinar.” —Scott O’Neal, Ph.D.

“This talk has everything, from amino acids to physics to genome size to locomotion. Webspinners are a fascinating order, and this presentation provides a really great balance between an introductory overview and the latest research advances. It’s a great example of how to incorporate new methods and technologies with the study of natural history.” —Sandra R. Schachat

Entomology 2020 continued this week, with four days of live symposia. We asked participants to share their favorites. Find out what has everyone buzzing!