Brenda O’Farrell
Investing.com – Shares of Cronos Group Inc (TSX:CRON) (NASDAQ:CRON) were down more than 8.5% on the S&P/TSX Composite in Toronto and about 9.5% on the Nasdaq in afternoon trading Monday after the Toronto-based cannabis grower announced it is delaying the release of its latest quarterly earnings report.
Cronos was scheduled to unveil its 2019 fourth-quarter financials on Thursday, Feb. 27, but in a statement issued early Monday said it had to reschedule the release without giving a specific reason. The statement simply said there had been a “delay in the completion of its financial statement.” No alternate date when the financials would be made public was offered.
Shares of Cronos dropped more than 67% in the last year. They hit their highest peak in 2020 in late January, when they traded at $11.50. In March 2019, they peaked at $31.77.