Canadian pot company Cronos Group misses revenue estimates, hit by over supply

[gb123]

More excuses from the idiots who THINK up crap but really dont know whats going on or which way is up LMAO



Cronos Group Inc. fell short of quarterly revenue estimates on Tuesday, as the Canadian producer's revenue per gram of cannabis sold fell in a market suffering from surplus supply.

The cannabis industry in the country is facing a supply glut as companies ramp up production. But retail sales have failed to offset the surplus, even though there has been a rise in the number of weed stores and the sale of cannabis-derivative products has been allowed in Canada.

 

[tommarijuana]

Ahhh to bad...sheds crocodile tears..wrings hands in glee

 

[WHATFG]

...makes sense...sales have failed to offset surplus so let's ramp up production...lol...kinda of the way government works yes?....

 

[gb123]

...makes sense...sales have failed to offset surplus so let's ramp up production...lol...kinda of the way government works yes?....

Oh ...................we're counting on them

 

[c ray]

the provinces are paying way too much for mids and low grade. they should be paying $2/g for the crap and selling it for $2.99/g.. at the end of the day a preroll should be about the same price as a beer