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Cronos Group net income falls, launches cost-cutting measures

Cronos Group net income falls, launches cost-cutting measures

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Cronos Group CRON, -4.77% CRON, -4.59% said Friday its third-quarter net income fell to $55.1 million, or 21 cents a share, from $95.2 million, or 18 cents a share, in the year-ago period. The latest quarter includes a $132.9 million gain on revaluation of derivative liabilities.

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