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Cronos Group Investor Day highlights cannabis growth, cash flow and global ambitions. Posted by Andrew Walz on Sep 25th, 2026 Cronos Group (NASDAQ:CRON) used its first Investor Day to outline its cultivation, genetics, brand and financial strategy, emphasizing its purpose-built greenhouse partnership with Mucci Farms, continued international expansion and a focus on cash flow generation. Chief Executive Officer Mike Gorenstein said Cronos was established with the goal of building a global cannabis platform that could develop intellectual property and enter additional markets as regulations evolved. He said the company's strategy has centered on partnering with specialists rather than seeking to manage every part of the value chain internally. That approach is reflected in Cronos GrowCo in Kingsville, Ontario, its cultivation partnership with Mucci Farms. Bert Mucci, CEO of Mucci Farms, said the company operates 800 acres of controlled-environment agriculture, employs about 3,500 people and sells roughly 65% to 70% of its production into the United States. Purpose-Built cultivation and expansion capacity. Mucci said GrowCo was designed specifically for cannabis rather than converted from a vegetable greenhouse. The facility includes dehumidification, chilling systems, concrete flooring and a triple-screen setup designed to manage energy use and help control pests and humidity. He said labor, electricity and natural gas are the largest cultivation costs. Gorenstein said greenhouse cultivation provides advantages in predictability, year-round production, energy efficiency and scalability. He added that outdoor cultivation can be attractive for extracts and inputs, while indoor cultivation may retain a role in craft-oriented segments. GrowCo's second phase is fully planted and utilized, according to Gorenstein, although the company expects to continue identifying gains from automation, genetics and operating efficiencies. He said Cronos has not announced a further expansion. Mucci said that, based on the experience gained from the first two phases, a comparable facility could potentially be built in about 12 months. On potential U.S. opportunities, Gorenstein and Mucci said they would favor purpose-built facilities over retrofits. They cited climate, humidity, energy costs, water access, labor and state regulations as key considerations. Mucci noted that colder climates can offer a seasonal "clean start" by reducing pest pressure. Genetics, tissue culture and product quality. Lasse Schulze, Cronos' senior director of flower product development and agronomics, said the company's genetics program was established in 2018 and employs about 16 people across laboratories in Canada and other countries. The program focuses on yield, THC potency, aroma, flower size and disease resistance. Schulze said Cronos has produced more than 150,000 seeds, screened more than 6,000 genotypes and developed capacity to produce more than 20,000 tissue-culture plantlets annually. Less than 1% of tested genetics ultimately reach the market, he said. The company uses tissue culture to propagate plants in sterile environments, a process Schulze said removes diseases, viruses, viroids and other biological burdens that can accumulate through conventional cutting-based propagation. Cronos also tests genetics across seasons and environmental conditions before commercializing them, with the process typically requiring at least one to two years. Gorenstein said the foundational breeding work can extend the effective development timeline to about four years. Schulze said Cronos has increased yield per plant and cannabinoid content over time. He also said the company's Wedding Cake and GMO genetics have ranked first and second in Israel, respectively, while international flower revenue excluding Israel increased to $15 million in the first half of 2026 from $1 million in the first half of 2024. Chief Growth Officer Jeff Jacobson said Cronos uses a "hero brands" strategy rather than launching a broad collection of overlapping brands. Its portfolio includes Spinach in Canada's adult-use market, Lord Jones for more premium offerings, Peace Naturals for medical markets and LIT for more affordable flower products in markets including Israel, Germany and the United Kingdom. Jacobson said Spinach is the No. 2 cannabis brand by retail share in Canada and holds leading positions in several product categories. He said the company has focused its innovation efforts on edibles, vapes and, more recently, pre-rolls. * SOURZ by Spinach has held the No. 1 position in Canadian edibles for eight consecutive quarters and has more than 20% market share, according to Jacobson. * Spinach PUFFERZ, the company's disposable vape offering, has generated more than CAD 20 million in retail sales and holds more than 10% of the disposables category, he said. * Flower remains foundational to Cronos, with Jacobson saying its ranking has recovered to approximately No. 3 or No. 4 after prior supply constraints. Financial position and risks. During the financial portion of the event, Cronos said revenue rose 58% year over year in its most recent quarter, following growth of 25% in 2025 and 35% in 2024. The company also reported record gross profit and gross margin in the latest quarter, citing GrowCo consolidation, international growth and greater exposure to higher-margin products such as vapes. Cronos said it has generated positive adjusted EBITDA for six consecutive quarters since the first quarter of 2025. The company reported CAD 827 million in cash and no debt, which Gorenstein said gives Cronos flexibility to pursue organic investment, acquisitions and share repurchases without relying on leverage or equity dilution. Gorenstein identified regulatory developments as the principal risk to the company's near-term growth trajectory. He said Cronos remains focused on growing faster than the Canadian market through pre-roll development, flower supply recovery and expansion in Israel and Europe. About Cronos Group (NASDAQ:CRON). Cronos Group Inc is a Toronto-based cannabinoid company that develops, produces, and commercializes cannabis and cannabis-derived products. The company serves both the adult-use and medical cannabis markets, with activities spanning cultivation, product development, manufacturing, and brand marketing. Cronos offers cannabis flower, pre-rolls, vaporizers, edibles, extracts, and other cannabis formats through brands including Spinach, PEACE NATURALS, and Lord Jones. Its products are distributed primarily through regulated cannabis channels, including provincial retail systems and medical or international markets where permitted by local laws. Founded in 2013, Cronos has expanded through brand development, product innovation, and strategic partnerships.

Cannabis jobs update - September 2026. September 1, 2026 Staff Canada's cannabis industry is hiring. In its September 2026 job roundup, StratCann Services Inc. has highlighted open roles in retail, cultivation, processing, brand management, and operational support. Whether you are an industry veteran looking for your next career move or a newcomer eager to enter the space, there are options available across every stage of the supply chain. Explore the listings below to find your fit. British columbia. The BCLDB is hiring a Store Manager, Cannabis Operations in Quesnel and a Supervisor, Cannabis Operations in the Lower Mainland. Both have a closing date of September 17, 2026. Prince Rupert Cannabis is hiring a part-time Budtender, in, you guessed it, Prince Rupert. The Pantheon Cannabis Group Inc. is seeking a Packaging Associate in Salmon Arm. Organnicraft has an open position for a Cannabis Trimmer in Vernon. Alberta. Spiritleaf is looking to hire a Cannabis Concierge for part-time evenings and weekends in Cold Lake. Saskatchewan. 5Buds Cannabis is hiring a Part-Time Supervisor in Yorkton, Warman, and Weyburn. Canna Cabana has several retail positions available across Saskatchewan. Ontario. Curaleaf International is hiring a Manufacturing Lead in Brampton. Cronos is hiring for positions in Finance, Marketing, Operations, Procurement, QAQC, and R&D in Stayner and Kingsville. HighLife Cannabis is seeking a Retail Store Manager in Smiths Falls. Canopy Growth is hiring for several positions across Ontario. Quebec. Cultures Chloris est à la recherche d'un Journalier/Journalière - Production de cannabis à Saint-Bernard. 9454-1901 Québec Inc. (doing business as WeedaFarm) is hiring a Cannabis Processor in Saint-Elphège. New brunswick. Newfoundland and labrador. The Herbal Centre is hiring a Budtender in St. John's. Nova scotia. Pei. Yukon. The Herbary is hiring Herbmasters in Whitehorse.