Cronos Group Management
Management criteria checks 3/4
Cronos Group's CEO is Mike Gorenstein, appointed in Mar 2022, has a tenure of 2.83 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 $20.47M. The average tenure of the management team and the board of directors is 2.8 years and 1.6 years respectively.
Key information
Mike Gorenstein
Chief executive officer
US$3.7m
Total compensation
| CEO salary percentage | 20.9% |
| CEO tenure | 2.8yrs |
| CEO ownership | 2.7% |
| Management average tenure | 2.8yrs |
| Board average tenure | 1.6yrs |
Recent management updates
Recent updates
Cronos Group Is Probably Undervalued As Liquidity Swells
Dec 05Buy Cronos Stock Before It Surges Higher
Aug 20Cronos Group: An Intriguing Value Opportunity
Jun 17Cronos Stock: Attractive Now With Cannabis Legalization In Germany
Mar 04Cronos Group: Flush With Cash And Trading Below Book Value
Feb 11Cronos Group GAAP EPS of -$0.05 beats by $0.01, revenue of $23.1M misses by $5.25M
Aug 09Cronos Group: Too Much Cash, Too Soon - Making The Bear Case
Aug 01Cronos Group: High Hurdles
May 11Cronos Earnings: Cannabis Stock With 65% Net Cash And 51% Revenue Growth
Mar 01Cronos Group Late-Filed Q3-2021 Earnings Show Revenues From Synthetic Cannabinoids
Feb 22Cronos Group: Still No Reason To Own
Jan 22Cronos Group Strategic Investor Altria May Be About To Buy The Balance
Nov 08After Cronos Finally Invests In U.S. Cannabis, Is The Stock A Buy?
Aug 30Is Cronos Stock Worth Buying? Probably, But Patience Remains A Requirement
Jul 12Cronos Group stock rises 2.6% with acquisition of 10.5% stake in PharmaCann
Jun 14Cronos Group: Still Hasn't Launched
May 09Cronos Group Q1 Earnings Preview
May 06Cronos: The Most Confusing Cannabis Stock
Apr 28Cronos: Sitting On Your Hands Is Not A Winning Strategy
Jan 03Cronos Group (CRON) Investor Presentation - Slideshow
Nov 24Cronos Is A Buy With Increasing Revenues
Nov 18Cronos shares rise 5% on solid Q3 beat; top-line +96% boosted by advancement in Canadian/Israeli market
Nov 05Cronos: Failure To Launch
Nov 03CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$48m |
| Jun 30 2024 | n/a | n/a | -US$57m |
| Mar 31 2024 | n/a | n/a | -US$54m |
| Dec 31 2023 | US$4m | US$775k | -US$70m |
| Sep 30 2023 | n/a | n/a | -US$101m |
| Jun 30 2023 | n/a | n/a | -US$133m |
| Mar 31 2023 | n/a | n/a | -US$145m |
| Dec 31 2022 | US$18m | US$680k | -US$155m |
| Sep 30 2022 | n/a | n/a | -US$213m |
| Jun 30 2022 | n/a | n/a | -US$102m |
| Mar 31 2022 | n/a | n/a | -US$263m |
| Dec 31 2021 | US$994k | US$394k | -US$127m |
| Sep 30 2021 | n/a | n/a | -US$373m |
| Jun 30 2021 | n/a | n/a | -US$381m |
| Mar 31 2021 | n/a | n/a | -US$310m |
| Dec 31 2020 | US$1m | US$477k | -US$72m |
| Sep 30 2020 | n/a | n/a | US$101m |
| Jun 30 2020 | n/a | n/a | US$636m |
| Mar 31 2020 | n/a | n/a | US$929m |
| Dec 31 2019 | US$11m | US$319k | US$1b |
| Sep 30 2019 | n/a | n/a | US$1b |
| Jun 30 2019 | n/a | n/a | US$479m |
| Mar 31 2019 | n/a | n/a | US$293m |
| Dec 31 2018 | US$647k | US$206k | -US$21m |
Compensation vs Market: Mike's total compensation ($USD3.71M) is about average for companies of similar size in the US market ($USD3.23M).
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | US$3.71m | 2.67% $ 20.5m | |
| Chief Financial Officer | 2.2yrs | US$1.34m | 0.017% $ 132.0k | |
| Chief Growth Officer | no data | US$1.35m | 0.068% $ 524.4k | |
| Chief Strategy Officer | 4.9yrs | US$739.23k | 0.045% $ 345.9k | |
| VP, Controller & Principal Accounting Officer | 1.7yrs | no data | 0.0026% $ 19.6k | |
| Director of Investor Relations & Strategy | 5yrs | no data | no data | |
| General Counsel & Corporate Secretary | 2.8yrs | no data | 0.0099% $ 75.6k | |
| Senior VP & Global Head of People | 4.2yrs | US$563.81k | 0.019% $ 148.8k | |
| Senior VP and Head of Research & Development | 3.2yrs | no data | 0.019% $ 143.7k | |
| Senior VP & Head of Cronos Israel | less than a year | no data | 0.0080% $ 61.6k |
2.8yrs
Average Tenure
41yo
Average Age
Experienced Management: CRON's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.2yrs | US$3.71m | 2.67% $ 20.5m | |
| Independent Lead Director | 7yrs | US$245.84k | 0.0095% $ 72.7k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 8.5yrs | US$207.50k | 2.57% $ 19.7m | |
| Independent Director | 1.6yrs | no data | no data | |
| Independent Director | 1.6yrs | no data | no data | |
| Independent Director | 1.6yrs | no data | no data |
1.6yrs
Average Tenure
50yo
Average Age
Experienced Board: CRON's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 04:14 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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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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 19 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.
| Analyst | Institution |
|---|---|
| Vahan Ajamian | Beacon Securities Limited |
| Tamy Chen | BMO Capital Markets Equity Research |
| Lisa Lewandowski | BofA Global Research |