Cronos Group Plans Strategic Europe Expansion: How to Play the Stock?
Key Takeaways Cronos plans to buy CanAdelaar, securing entry into the Dutch adult-use cannabis market.The deal offers access to a supply-controlled program where CanAdelaar holds a leading market share.International sales drove Q3 revenue and margin gains, supported by strong cash and no debt.Shares of Canada-based Cronos Group (CRON) rose 9% on Tuesday after the company announced plans to acquire CanAdelaar, a leading cannabis company in the Netherlands.Per the terms of the agreement, Cronos will make an u ...