If You Invested $1,000 In Cronos Stock One Year Ago, Here's How Much You'd Have Now

Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return over the last 12 months is 47.3%. But there is no question some big-name stocks performed better than others along the way.

Cronos’ Disappointing Road: One company that has been a lackluster investment in the last year has been Canadian producer Cronos Group Inc (NASDAQ: CRON).

Cronos battled a difficult Canadian cannabis market throughout 2020. In February, the company reported an impressive 133% sales growth. Adjusted EBITDA losses in the company’s international business narrowed, while U.S. losses widened.

Cronos also recently announced that it could launch lab-grown cannabis by the end of . Assuming the quality is comparable to the existing product, lab-grown cannabis could potentially significantly reduce production costs for Cronos, helping improve the company’s bottom line. Cronos reported …

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