Cronos Reports Lower Third-Quarter Profit Despite Higher Revenue
Cronos said third-quarter profit fell as operating expenses and income tax provision rose, despite increased revenue and record sales in Canada, Germany and Israel for an 11th consecutive quarter.
By Robb M. StewartCronos had a drop in third-quarter profit due to a rise in operating expenses and income tax provision, and despite increased revenue with record sales in Canada, Germany and for an 11th consecutive quarter in Israel.The Canadian cannabis company said its net income for the three…