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Cronos Stock Continues To Dive After Earnings Report Delay, BofA Lowers Price Target

Cronos Stock Continues To Dive After Earnings Report Delay, BofA Lowers Price Target

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Cannabis company Cronos Group Inc. (NASDAQ:CRON)  announced last week that it had to delay filing third-quarter earnings due to pending impairment charges for its U.S. CBD activities.  The Toronto-based company was unable to file its quarterly report saying that its audit committee needed more time to evaluate goodwill and indefinite-lived intangible assets in its U.S. reporting unit for impairment.

...read full article on Benzinga

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