Cronos Group (CRON) Lifted to Buy at GMP Securities

Cronos Group (NASDAQ:CRON) was upgraded by stock analysts at GMP Securities from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

NASDAQ CRON traded down $0.20 on Friday, hitting $5.70. 571,057 shares of the company were exchanged, compared to its average volume of 1,944,901. The company has a current ratio of 4.92, a quick ratio of 3.54 and a debt-to-equity ratio of 0.07. Cronos Group has a 1-year low of $1.00 and a 1-year high of $11.90.

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About Cronos Group

Cronos Group Inc, formerly known as PharmaCan Capital Corp., is a principal investment firm. The firm seeks to invest in companies either licensed, or actively seeking a license, to produce medical marijuana pursuant to Canada’s Marihuana for Medical Purposes Regulations (?MMPR?). The firm typically invests in companies based in Canada.

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