Topic: How To Invest

Q: Good day, Pat. Can I get you recommendation on Cronos Group? Thanks.

Article Excerpt

A: Cronos Group, $11.55, symbol CRON on Toronto (Shares Outstanding: 176.9 million; Market cap: $2.1 billion; www.thecronosgroup.com) owns a portfolio of companies operating in the emerging medical and recreational cannabis market. Cronos Group’s head office is located in Toronto, Ontario. The company is also listed on Nasdaq under the symbol CRON. The company owns three main assets: Cronos holds 100% of Peace Naturals, a company licensed to produce and sell dried cannabis and cannabis oils through wholesale and direct-to-consumer channels under its own medical cannabis brand. Peace Naturals is located on 95 acres of land in Stayner, Ontario, and has a total annual production capacity of 40,000 kilograms. The company also owns 100% of Original BC. That firm, located on 31 acres of land in Armstrong, B.C., is licensed to cultivate and sell medical marijuana. In addition, Cronos has an interest in Whistler Medical Marijuana Company. That firm is licensed to produce and sell medical marijuana and cannabis oil. Whistler specializes in growing…