Cronos Group Inc.

DB:7CI Stock Report

Market Cap: €711.3m

Cronos Group Management

Management criteria checks 2/4

Cronos Group's CEO is Mike Gorenstein, appointed in Mar 2022, has a tenure of 2.75 years. total yearly compensation is $3.71M, comprised of 20.9% salary and 79.1% bonuses, including company stock and options. directly owns 2.67% of the company’s shares, worth €18.98M. The average tenure of the management team and the board of directors is 2.8 years and 1.5 years respectively.

Key information

Mike Gorenstein

Chief executive officer

US$3.7m

Total compensation

CEO salary percentage20.9%
CEO tenure2.8yrs
CEO ownership2.7%
Management average tenure2.8yrs
Board average tenure1.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Gorenstein's remuneration changed compared to Cronos Group's earnings?
DateTotal CompensationSalaryCompany Earnings
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

Sep 30 2018n/an/a

-US$8m

Jun 30 2018n/an/a

-US$1m

Mar 31 2018n/an/a

-US$2m

Dec 31 2017US$2mUS$206k

-US$1m

Compensation vs Market: Mike's total compensation ($USD3.71M) is above average for companies of similar size in the German market ($USD1.46M).

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

CEO

Mike Gorenstein (37 yo)

2.8yrs

Tenure

US$3,709,925

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
President2.8yrsUS$3.71m2.67%
€ 19.0m
James Holm
Chief Financial Officer2.1yrsUS$1.34m0.017%
€ 122.4k
Jeffrey Jacobson
Chief Growth Officerno dataUS$1.35m0.068%
€ 486.2k
Anna Shlimak
Chief Strategy Officer4.8yrsUS$739.23k0.045%
€ 320.7k
James McGinness
VP, Controller & Principal Accounting Officer1.6yrsno data0.0026%
€ 18.1k
Shayne Laidlaw
Director of Investor Relations & Strategy4.9yrsno datano data
Terry Doucet
General Counsel & Corporate Secretary2.7yrsno data0.0099%
€ 70.1k
Shannon Buggy
Senior VP & Global Head of People4.1yrsUS$563.81k0.019%
€ 137.9k
Arye Weigensberg
Senior VP and Head of Research & Development3.1yrsno data0.019%
€ 133.2k
Adam Wagner
Senior VP & Head of Cronos Israelless than a yearno data0.0080%
€ 57.1k

2.8yrs

Average Tenure

41yo

Average Age

Experienced Management: 7CI's management team is considered experienced (2.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Gorenstein
President9.1yrsUS$3.71m2.67%
€ 19.0m
James Rudyk
Independent Lead Director6.9yrsUS$245.84k0.0095%
€ 67.4k
Murray Garnick
Independent Directorless than a yearno datano data
Jason Adler
Independent Director8.4yrsUS$207.50k2.57%
€ 18.3m
Dominik Meier
Independent Director1.5yrsno datano data
Kamran Khan
Independent Director1.5yrsno datano data
Elizabeth Seegar
Independent Director1.5yrsno datano data

1.5yrs

Average Tenure

50yo

Average Age

Experienced Board: 7CI's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 10:11
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

Analysis Model and Snowflake

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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 .

Analyst Sources

Cronos Group Inc. is covered by 20 analysts. 3 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