Cannabis & Hemp Stocks Investment Tools – Schedule Demo Now!

Cronos Group to Begin Trading on Nasdaq Stock Exchange – Stock rises 10%

Cronos Group to Begin Trading on Nasdaq Stock Exchange - Stock rises 10%Toronto-based cannabis producer Cronos Group Inc. (TSX: MJN) (OTC: PRMCF) announced that trading of its common shares in the US will be elevated from the Nasdaq International Designation to the Nasdaq Global Market. Cronos expects this to happen on February 27, 2018, under the symbol CRON. Cronos Group will retain its listing on the TSX Venture Exchange under the symbol MJN.

The stock rose 10% to $7.76 on the news today. The company has a market cap of $1.24 billion, putting it in the top 10 of cannabis producers. Its price to sales ratio is an enormous 220, but its revenue was only $5 million in the past 12 months, so as sales rise substantially, which they should, this ratio will fall to more reasonable levels. For example, if sales go to $50 million and the share price stays the same, the price to sales ratio will be 22. And if sales go to $200 million at this share price, price to sales will be about 5, in line with the tobacco industry.

“This…reflects the significant progress we have made in strengthening our corporate governance and expanding our global footprint,” said Mike Gorenstein, CEO of Cronos Group. “We believe this will increase long-term shareholder value by improving awareness, liquidity, and appeal to institutional investors.”

Cronos Group is a globally diversified and vertically integrated cannabis company with a presence on four continents. The Company operates two wholly-owned Canadian Licensed Producers: Peace Naturals Project Inc. (Ontario), and Original BC Ltd. (British Columbia), based in the Okanagan Valley.

Cronos has international production and distribution through Cronos Israel and Cronos Australia. Cronos Group has access to over 12,000 pharmacies in Germany through an exclusive distribution agreement.

Cronos Group to Begin Trading on Nasdaq Stock Exchange – Stock rises 10%

About Your Marijuana Stocks Resource

Cannin is your #1 resource for marijuana stocks. Our global team of experts evaluates all emerging marijuana stock investing opportunities. We aggregate hundreds of hours of research and provide tips on the best marijuana stock investments for 2020. 

Use Cannin as your resource for:

Is it too late to invest in marijuana stocks? No! This is the perfect time to invest.

Many market analysts expect the legal marijuana industry will have an annual value exceeding $75 Billion in the next decade. The time to invest in marijuana stocks is now. 

Are you interested in marijuana stocks like Curaleaf, Trulieve, Aurora Cannabis, or Charlotte’s Web,?

Are you looking to buy stock in marijuana companies for 2020? Interested in emerging penny marijuana stocks? Looking for the best Canadian marijuana stocks to invest in? We can help.

Predict price movements of marijuana stocks several hours in advance with our proprietary algorithmic stock trading software.

  • +25% Gains in 2020
  • +49.8% Gains in 2019
  • 108% Backtested since 2012

We’re so confident you’ll love our algotrading marijuana stock signals, we’re willing to give you a one-month risk-free trial to see it for yourself.

Profit from the best marijuana stocks – we’ll show you how at

Marijuana Stocks, Pot Stocks, Algorithmic Stock Trading, Best Hemp Stocks 2020