Cronos Group Conference: CEO Eyes Supply Expansion, Spinach Innovation, Stays Wary on U.S. Reform

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0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',a=n._store.getNotifications(),r=n._generatePanelMarkup(o,a),i.innerHTML=r;break;case"error_panel":r=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=r}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(P))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),j=function(){function e(t,n,o){E(this,e);var i=this;i._store=n,i._view=o,i._config=t;var 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e=this;e._store.resetNewCount(),e._view.updateBadgeNode(e._badgeNode),M(e._badgeNode,e._config.badge.hideClass)}},{key:"_showIndicator",value:function(){this._indicatorNode&&(this._store.getNotifications().newCount?M(this._indicatorNode,this._config.panel.indicatorClass):I(this._indicatorNode,this._config.panel.indicatorClass))}},{key:"_showBadge",value:function(){var e=this;e._store.getNotifications().newCount?I(e._badgeNode,e._config.badge.hideClass):M(e._badgeNode,e._config.badge.hideClass)}}]),e}(),F={promos:{eligibleBodyClass:"display-push-promos",enableNotifOnboard:!0,bypassEligibleClassCheck:!1,notifOnboardBtnLabel:"Notify Me",notifOnboardMsg:"Get alerts for breaking news and top stories",promoLogo:"https://s.yimg.com/cv/apiv2/ae/news/circle_bell.png",showYahooLogo:!0,subscriptionTopic:"gondor_homerun_news"},badge:{hideClass:"",maxCount:5,selector:""},panel:{emptyPanelMsg:"You have no new 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retail-supplier independence.The company is pushing product-led growth through its Spinach brand and new Puffers vape, emphasizing consumer-driven R&D and differentiated features (e.g., a “boost” button and pocket-friendly design) rather than me-too SKUs.Operationally, Cronos blamed Q4 gross-margin softness on a 70% Phase II ramp at GrowCo (scheduling, staffing and mix issues) but expects 2025 margins to improve as the facility is dialed in and additional capacity relieves allocation pressure between Canada and export markets.Interested in Cronos Group Inc.? Here are five stocks we like better.Cronos Group (NASDAQ:CRON) Chairman and CEO Mike Gorenstein said the cannabis producer is focused on expanding supply to meet demand in its core markets while remaining disciplined about capital deployment and cautious about relying on regulatory change as an investment thesis.Gorenstein said early in Canada’s legalization cycle the industry experienced significant overbuilding, driven by access to capital and companies trying to “get big before they got good.” He argued that having high volumes of supply did not necessarily translate into “good supply” that consumers wanted, which contributed to shutdowns and financial struggles across the sector.→ Active ETFs Surge Past Passive, and These Are in the LeadMore recently, he said the supply-demand balance tightened as capacity came offline while European markets opened, allowing Canadian product to be exported and adding incremental demand. He also noted the Canada Revenue Agency (CRA) has begun collecting more, which he said has given some operators pause. Despite currently tight supply, he said he assumes the market will eventually return to equilibrium and emphasized the importance of quality and efficiency to compete if supply again outstrips demand.Discussing Cronos’ Spinach brand, Gorenstein attributed its growth to starting with consumer demand rather than building supply first and later searching for brands to sell it. He contrasted that approach with companies launching many similar brands and “me-too products.” He said Cronos has emphasized differentiated products that build brand equity, citing SOURZ edibles and the company’s newer vape initiatives.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersBTC-USD Bitcoin USD 70,903.48 -374.04 (-0.52%)SNOW Snowflake Inc. 161.34 -12.86 (-7.38%)ARM Arm Holdings plc 134.96 -1.93 (-1.41%)CRCL Circle Internet Group 101.17 -25.47 (-20.11%)ZS Zscaler, Inc. 139.41 -12.39 (-8.16%)PortfolioSign in to access your portfolioSign inTop gainersFOUR Shift4 Payments, Inc. 52.50 +8.47 (+19.24%)AAOI Applied Optoelectronics, Inc. 113.90 +18.14 (+18.94%)HCC Warrior Met Coal, Inc. 95.58 +9.09 (+10.51%)CC The Chemours Company 20.37 +1.87 (+10.11%)ACLS Axcelis Technologies, Inc. 94.39 +8.62 (+10.05%)Top losersIBRX ImmunityBio, Inc. 7.42 -1.99 (-21.12%)CRCL Circle Internet Group 101.17 -25.47 (-20.11%)ADMA ADMA Biologics, Inc. 11.33 -2.26 (-16.63%)HSAI Hesai Group 20.24 -3.34 (-14.16%)ALM Almonty Industries Inc. 14.73 -2.20 (-13.02%)Most activeNVDA NVIDIA Corporation 175.20 -0.48 (-0.27%)ONDS Ondas Inc. 10.68 -0.22 (-2.02%)IBRX ImmunityBio, Inc. 7.42 -1.99 (-21.12%)GRAB Grab Holdings Limited 3.7900 +0.1500 (+4.12%)SMCI Super Micro Computer, Inc. 22.23 +0.64 (+2.96%)Top economic eventsEarnings eventsMy earnings eventsEarnings events