Cronos' diverse international brand portfolio includes Spinach®, PEACE NATURALS®, and Lord Jones®. The company delivered record quarterly net revenue in Canada up 42% year-over-year, with Israel net revenue growing 52% year-over-year marking the eighth consecutive quarter of record net revenue in that market. With GrowCo's expansion now complete, Cronos expects constraints to ease in 2026 as the expanded cultivation space becomes more fully optimized.
Cyborg Score Rationale
Cronos achieved record revenue growth of 25% YoY to $146.6M and improved Adjusted EBITDA to $10.1M in 2025. Spinach is the second most popular brand nationally in Canada, became the number two vape brand in Canada in December, and achieved number one market share in vape cartridges in Q4. The company has no debt and maintains strong cash position.
Top Insights
Spinach brand achieved #2 national popularity in Canada with #2 overall vape market share and #1 vape cartridge share by Q4 2025
Company holds approximately $832M in cash and short-term investments with no debt
Acquiring CanAdelaar, Europe's largest adult-use cannabis producer, for €57.5M upfront plus earnout, providing entry to Dutch market and #1 market position
Lord Jones premium brand launched in Israel in February 2026, advancing borderless product strategy
Named Competitors
ACB Aurora Cannabis — Large Canadian cannabis producer and international exporter
TLRY Tilray Brands — Global cannabis and beverage company with international brands
CURLF Curaleaf — Largest US multistate cannabis operator
GTBIF Green Thumb Industries — Large-scale US multistate cannabis operator
Recent Developments
(February 2026) Lord Jones premium cannabis brand launched in Israeli medical market with indoor-grown flower strains
(February 2026) Record Q4 2025 net revenue of $44.5M, up 47% YoY; FY revenue $146.6M, up 25% YoY
(December 2025) Definitive agreement to acquire CanAdelaar B.V., Netherlands' largest adult-use producer, for €57.5M
(February 2026) Spinach PUFFERZ all-in-one vape launched in select Canadian markets with national expansion by April 2026
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