Cronos Group, trading under the ticker CRON, is broadening its product lineup with the introduction of three new 1.2g vape products under its Spinach brand. These vapes are infused with THC and other cannabinoids, aiming to offer a unique experience to consumers.
In addition to these vape products, Cronos is also expanding its SOURZ by Spinach range with new Fully Blasted flavors. This strategic move is part of Cronos Group's continued efforts to diversify its offerings and strengthen its position in the competitive cannabis market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Cronos Group Inc (CRON, Financial) is $2.43 with a high estimate of $2.75 and a low estimate of $2.10. The average target implies an upside of 39.37% from the current price of $1.74. More detailed estimate data can be found on the Cronos Group Inc (CRON) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Cronos Group Inc's (CRON, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cronos Group Inc (CRON, Financial) in one year is $3.60, suggesting a upside of 106.9% from the current price of $1.74. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cronos Group Inc (CRON) Summary page.
