Cronos Group (CVE:MJN) Trading Down 1.9% – What’s Next?

Cronos Group Inc (CVE:MJN) traded down 1.9% during trading on Friday . The company traded as low as C$11.90 and last traded at C$12.15. 1,388,975 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 2,065,952 shares. The stock had previously closed at C$12.38.

Cronos Group Stock Down 1.9%

The firm’s fifty day simple moving average is C$12.15 and its 200-day simple moving average is C$12.15.

Cronos Group Company Profile

Cronos Group Inc, formerly PharmaCan Capital Corp, is a Canada-based cannabis company. The Company operates two Licensed Producers (LPs) regulated within Health Canada’s Access to Cannabis for Medical Purposes Regulations (the ACMPR) and holds a portfolio of investments in other Licensed Producers and ACMPR applicants. Its LPs, Peace Naturals Project Inc and In The Zone Produce Ltd., are collectively located on over 125 acres of agricultural land. It also holds equity positions in Licensed Producers Whistler Medical Marijuana, Hydropothecary and Abcann Medicinals.