Cronos (CRON) to Report Q3 Earnings: What's in the Cards?

in #goinvest4 years ago

The transaction provides Cronos with a leading U.S. hemp-based products platform, including hemp-derived CBD-infused skin care and other consumer products that are sold online and through retail and hospitality partner channels in the United States, under the brand, Lord Jones.

Interesting article about the earnings of Cronos Group which are due out this coming Tuesday. I would not imagine the earnings are going to good, to me it's all about setting the stage for the future, show the market that you have a plan to make lots of money down the line, forget about now. The Lord Jones buy may help long term, but near term the market is going to look at that as Cronos overpaid for it. I look forward to selling the covered calls after earnings, wether the earnings are good or bad.....

Read the full story here.....
https://finance.yahoo.com/news/cronos-cron-report-q3-earnings-161504799.html

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Down, that's what in the cards for all these cannabis stocks..... and still no bottom in site..... :(

Cronos is around $6.25 right now, cash value is around $4.5 or so depending on how you do the math. I don't get it, you're almost buying the cash and getting the whole company for free....

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