Cannabis association Cronos says financial formula will be delayed, but explanation

Shares in Canadian cannabis association Cronos Group Inc. mislaid some-more than 7 per cent on Monday as a association announced it will delay the recover of a fourth-quarter and full-year financial formula — but explaining why.

“The association has had a check in a execution of a financial statements and will make a serve proclamation in a successive press recover to report a date and time of a gain discussion call,” Cronos pronounced in a press recover Monday, but elaborating.

Cronos was ostensible to exhibit a latest financial opening numbers on Thursday.

Cigarette association Altria invested $2.4 billion into Cronos in late 2018 for a 45 per cent interest in a company. Based on a cost on a batch marketplace during a moment, a whole association is now value about $2.3 billion.

More to come

Article source: https://www.cbc.ca/news/business/cronos-earnings-1.5473683?cmp=rss