About The Cronos Group
The Cronos Group is a company based in Toronto (Canada) founded in 2013.. The Cronos Group has raised $137.46 thousand across 4 funding rounds from investors including Canadian Imperial Bank of Commerce, BMO and Altria. The company has 459 employees as of December 31, 2024. The Cronos Group offers products and services including Cannabis Products and Branded Goods.
- Headquarter Toronto, Canada
- Employees 459 as on 31 Dec, 2024
- Stage Public
-
Sectors
Consumer
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Cronos Group Inc
-
Annual Revenue
$111.99 M (USD)36.84as on Dec 31, 2024
-
Net Profit
$39.12 M (USD)0as on Dec 31, 2024
-
EBITDA
$-46.83 M (USD)30.71as on Dec 31, 2024
-
Total Equity Funding
$137.46 K (USD)
in 4 rounds
-
Latest Funding Round
$1.8 B (USD), Post-IPO
Mar 08, 2019
-
Investors
Canadian Imperial Bank of Commerce
& 2 more
-
Employee Count
459
as on Dec 31, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of The Cronos Group
The Cronos Group is a publicly listed company on the TSX with ticker symbol CRON in Canada, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of The Cronos Group
The Cronos Group offers a comprehensive portfolio of products and services, including Cannabis Products and Branded Goods. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cannabis products are developed and distributed by Cronos Group through research and technology advancements for consumer use
Branded goods are marketed by Cronos Group under various labels to promote reliability and transparency in the industry
Unlock access to complete
Unlock access to complete
Software Development Team
13 people
Finance and Accounting
12 people
Leadership Team
11 people
Sales and Marketing
9 people
Senior Team
8 people
Legal and Compliance
6 people
Human Resources and Administration
4 people
Global Team
2 people
Unlock access to complete
Funding Insights of The Cronos Group
The Cronos Group has successfully raised a total of $137.46K across 4 strategic funding rounds. The most recent funding activity was a Post-IPO round of $1.8 billion completed in March 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $1.8B
-
First Round
First Round
(21 Apr 2014)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Post-IPO - The Cronos Group | Valuation |
investors |
|
| Jan, 2019 | Amount | Debt – Conventional - The Cronos Group | Valuation |
investors |
|
| Aug, 2014 | Amount | Post-IPO - The Cronos Group | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in The Cronos Group
The Cronos Group has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, BMO and Altria. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Tobacco products are manufactured and distributed by Altria through subsidiaries.
|
Founded Year | Domain | Location | |
|
BMO is recognized as a leading financial services provider in Canada.
|
Founded Year | Domain | Location | |
|
Commercial banking services are provided to individuals and businesses.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by The Cronos Group
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - The Cronos Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
The Cronos Group Comparisons
Competitors of The Cronos Group
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on The Cronos Group
Frequently Asked Questions about The Cronos Group
When was The Cronos Group founded?
The Cronos Group was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is The Cronos Group located?
The Cronos Group is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of The Cronos Group?
Michael Gorenstein is the current CEO of The Cronos Group.
Is The Cronos Group a funded company?
The Cronos Group is a funded company, having raised a total of $137.46K across 4 funding rounds to date. The company's 1st funding round was a Post-IPO of $1.54M, raised on Apr 21, 2014.
How many employees does The Cronos Group have?
As of Dec 31, 2024, the latest employee count at The Cronos Group is 459.
What is the annual revenue of The Cronos Group?
Annual revenue of The Cronos Group is $111.99M as on Dec 31, 2024.
What does The Cronos Group do?
The Cronos Group was founded in 2013 and is headquartered in Toronto, Canada. As a licensed producer in the cannabis sector, operations focus on manufacturing and distributing medicinal cannabis and related products. These items are offered under the companys brand across multiple international production and distribution facilities.
What products or services does The Cronos Group offer?
The Cronos Group offers Cannabis Products and Branded Goods.
Is The Cronos Group publicly traded?
Yes, The Cronos Group is publicly traded on TSX under the ticker symbol CRON.
Who are The Cronos Group's investors?
The Cronos Group has 3 investors. Key investors include Canadian Imperial Bank of Commerce, BMO, and Altria.
What is The Cronos Group's ticker symbol?
The ticker symbol of The Cronos Group is CRON on TSX.