3 Scary Numbers From Cronos' Second-Quarter Results

3 Scary Numbers From Cronos' Second-Quarter Results

With $1.1 billion in cash and cash equivalents on hand, Cronos Group (NASDAQ: CRON) has the resources and stability that many cannabis companies envy. It also has a partner in tobacco company Altria Group, which has owned a 45% stake in the cannabis producer since 2018. Altria's $1.8 billion investment is a main reason Cronos enjoys such a large stockpile of cash today.