Cronos Group Inc.

TSX:CRON Stock Report

Market Cap: CA$1.0b

Cronos Group Management

Management criteria checks 2/4

Cronos Group's CEO is Mike Gorenstein, appointed in Mar 2022, has a tenure of 3.25 years. total yearly compensation is $4.15M, comprised of 18.7% salary and 81.3% bonuses, including company stock and options. directly owns 3.25% of the company’s shares, worth CA$34.02M. The average tenure of the management team and the board of directors is 2.6 years and 2 years respectively.

Key information

Mike Gorenstein

Chief executive officer

US$4.2m

Total compensation

CEO salary percentage18.67%
CEO tenure3.3yrs
CEO ownership3.2%
Management average tenure2.6yrs
Board average tenure2yrs

Recent management updates

Recent updates

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GrowCo Expansion Will Boost Operations But Strain Cash Flow

Investment in GrowCo and advancements in cannabis genetics are set to improve efficiency, enhance profitability, and strengthen market penetration.

We're Interested To See How Cronos Group (TSE:CRON) Uses Its Cash Hoard To Grow

May 31
We're Interested To See How Cronos Group (TSE:CRON) Uses Its Cash Hoard To Grow

Cronos Group Inc.'s (TSE:CRON) P/S Is Still On The Mark Following 29% Share Price Bounce

Apr 01
Cronos Group Inc.'s (TSE:CRON) P/S Is Still On The Mark Following 29% Share Price Bounce

We Think Cronos Group (TSE:CRON) Can Afford To Drive Business Growth

Mar 02
We Think Cronos Group (TSE:CRON) Can Afford To Drive Business Growth

Revenues Tell The Story For Cronos Group Inc. (TSE:CRON)

Feb 02
Revenues Tell The Story For Cronos Group Inc. (TSE:CRON)

Companies Like Cronos Group (TSE:CRON) Are In A Position To Invest In Growth

Nov 09
Companies Like Cronos Group (TSE:CRON) Are In A Position To Invest In Growth

We're Hopeful That Cronos Group (TSE:CRON) Will Use Its Cash Wisely

Jul 17
We're Hopeful That Cronos Group (TSE:CRON) Will Use Its Cash Wisely

Cronos Group Inc.'s (TSE:CRON) Earnings Haven't Escaped The Attention Of Investors

Jun 20
Cronos Group Inc.'s (TSE:CRON) Earnings Haven't Escaped The Attention Of Investors

We Think Cronos Group (TSE:CRON) Can Afford To Drive Business Growth

Feb 09
We Think Cronos Group (TSE:CRON) Can Afford To Drive Business Growth

A Look At The Intrinsic Value Of Cronos Group Inc. (TSE:CRON)

Oct 12
A Look At The Intrinsic Value Of Cronos Group Inc. (TSE:CRON)

We're Not Very Worried About Cronos Group's (TSE:CRON) Cash Burn Rate

Sep 10
We're Not Very Worried About Cronos Group's (TSE:CRON) Cash Burn Rate

Cronos Group Inc. (TSE:CRON) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

Aug 12
Cronos Group Inc. (TSE:CRON) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

We Think Cronos Group (TSE:CRON) Can Afford To Drive Business Growth

May 19
We Think Cronos Group (TSE:CRON) Can Afford To Drive Business Growth

Is Cronos Group Inc. (TSE:CRON) Trading At A 47% Discount?

Jul 29
Is Cronos Group Inc. (TSE:CRON) Trading At A 47% Discount?

An Intrinsic Calculation For Cronos Group Inc. (TSE:CRON) Suggests It's 29% Undervalued

Apr 08
An Intrinsic Calculation For Cronos Group Inc. (TSE:CRON) Suggests It's 29% Undervalued

CEO Compensation Analysis

How has Mike Gorenstein's remuneration changed compared to Cronos Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2025n/an/a

US$49m

Dec 31 2024US$4mUS$775k

US$41m

Sep 30 2024n/an/a

-US$48m

Jun 30 2024n/an/a

-US$57m

Mar 31 2024n/an/a

-US$54m

Dec 31 2023US$4mUS$775k

-US$70m

Sep 30 2023n/an/a

-US$101m

Jun 30 2023n/an/a

-US$133m

Mar 31 2023n/an/a

-US$145m

Dec 31 2022US$18mUS$680k

-US$155m

Sep 30 2022n/an/a

-US$213m

Jun 30 2022n/an/a

-US$102m

Mar 31 2022n/an/a

-US$263m

Dec 31 2021US$994kUS$394k

-US$127m

Sep 30 2021n/an/a

-US$373m

Jun 30 2021n/an/a

-US$381m

Mar 31 2021n/an/a

-US$310m

Dec 31 2020US$1mUS$477k

-US$72m

Sep 30 2020n/an/a

US$101m

Jun 30 2020n/an/a

US$636m

Mar 31 2020n/an/a

US$929m

Dec 31 2019US$11mUS$319k

US$1b

Sep 30 2019n/an/a

US$1b

Jun 30 2019n/an/a

US$479m

Mar 31 2019n/an/a

US$293m

Dec 31 2018US$647kUS$206k

-US$21m

Compensation vs Market: Mike's total compensation ($USD4.15M) is above average for companies of similar size in the Canadian market ($USD1.86M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike Gorenstein (38 yo)

3.3yrs
Tenure
US$4,150,745
Compensation

Mr. Michael Ryan Gorenstein, also known as Mike, J.D., serves as the Chairman of Cronos Group Inc. since March 21, 2022 and served as its Executive Chairman since September 09, 2020 until March 21, 2022 an...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Gorenstein
President3.3yrsUS$4.15m3.25%
CA$ 34.0m
Anna Shlimak
Chief Financial Officerless than a yearUS$836.51k0.066%
CA$ 691.4k
Shannon Buggy
Senior VP4.6yrsUS$760.58k0.031%
CA$ 326.0k
Jeffrey Jacobson
Chief Growth Officerno dataUS$1.12m0.12%
CA$ 1.3m
James Holm
Executive Officerless than a yearUS$1.48m0.082%
CA$ 863.1k
James McGinness
VP, Controller & Principal Accounting Officer2.1yrsno data0.0046%
CA$ 47.7k
Terry Doucet
General Counsel & Corporate Secretary3.2yrsno data0.018%
CA$ 190.8k
Arye Weigensberg
Senior VP and Head of Research & Development3.6yrsno data0.034%
CA$ 352.1k
Adam Wagner
Senior VP & Head of Cronos Israel1.2yrsno data0.015%
CA$ 156.2k
2.6yrs
Average Tenure
41yo
Average Age

Experienced Management: CRON's management team is considered experienced (2.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Gorenstein
President9.6yrsUS$4.15m3.25%
CA$ 34.0m
James Rudyk
Independent Lead Director7.4yrsUS$245.00k0.0094%
CA$ 98.5k
Murray Garnick
Independent Director1yrUS$175.00kno data
Jason Adler
Independent Director8.9yrsUS$215.00k2.56%
CA$ 26.9m
Dominik Meier
Independent Director2yrsno datano data
Kamran Khan
Independent Director2yrsno datano data
Elizabeth Seegar
Independent Director2yrsno datano data
2.0yrs
Average Tenure
51yo
Average Age

Experienced Board: CRON's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/09 10:43
End of Day Share Price 2025/06/06 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Cronos Group Inc. is covered by 20 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vahan AjamianBeacon Securities Limited
Tamy ChenBMO Capital Markets Equity Research
Lisa LewandowskiBofA Global Research