TORONTO (AP) _ Cronos Group Inc. (CRON) on Thursday reported first-quarter net income of $321.8 million, after reporting a loss in the same period a year earlier.
The Toronto-based company said it had net income of 36 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The cannabis company posted revenue of $4.9 million in the period.
Cronos shares have climbed 49% since the beginning of the year. The stock has more than doubled in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRON at https://www.zacks.com/ap/CRON