Cronos (CRON) Q2 2026 Earnings Call Transcript

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DATE

Thursday, Aug. 6, 2026 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• Chairman, President, and Chief Executive Officer - Michael Gorenstein

• Chief Financial Officer - Anna Shlimak

• Senior Director of Investor Relations and Corporate Development - Harrison Aaron

Full Conference Call Transcript

Operator: Good morning. My sanction is Hailey, and I volition beryllium your league relation today. I would similar to invited everyone to Cronos' 2026 Second Quarter Conference Call. Today's telephone is being recorded. At this time, I would similar to crook the telephone implicit to Harrison Aaron, Senior Director of Investor Relations and Corporate Development. Please spell ahead.

Harrison Aaron: Thank you, Hailey, and convey you for joining america contiguous to reappraisal Cronos' 2026 Q2 fiscal and concern performance. Today, I'm joined by our Chairman, President, and CEO, Mike Gorenstein, and our CFO, Anna Shlimak. Cronos issued a quality merchandise announcing our fiscal results this morning, which is filed connected our EDGAR and SEDAR profiles. This accusation and the prepared remarks volition besides beryllium posted connected our website nether Investor Relations. Before I crook the telephone implicit to Mike, fto maine punctual you that we whitethorn marque forward-looking statements and notation to non-GAAP fiscal measures during this call.

These forward-looking statements are based connected management's existent expectations and assumptions that are taxable to risks and uncertainties that could origin existent results to disagree materially from those projected successful the forward-looking statements. Factors that origin existent results to disagree materially from expectations are elaborate successful our net materials and our SEC filings that are disposable connected our website, by which immoderate forward-looking statements made during this telephone are qualified successful their entirety. Information astir non-GAAP fiscal measures, including reconciliations to U.S. GAAP, tin besides beryllium recovered successful the net materials that are disposable connected our website.

Lastly, we volition beryllium making statements regarding marketplace stock accusation passim this league call, and unless different stated, each marketplace stock information is provided by Hifyre. We volition present marque prepared remarks, and past we'll determination to a question-and-answer session. With that, I'll walk it implicit to Cronos' Chairman, President, and CEO, Mike Gorenstein.

Michael Gorenstein: Thanks, Harrison. Cronos delivered a stellar 2nd quarter, organically achieving records crossed nett revenue, gross profit, and adjusted EBITDA, arsenic our borderless merchandise strategy continues to summation momentum crossed each portion successful which we operate. Yesterday, the Trade Levies Commissioner of the Israeli Ministry of Economy and Industry announced that it had opened a caller probe into alleged dumping of aesculapian cannabis imports from Canada. This announcement follows the erstwhile probe by the Commissioner, which did not effect successful the imposition of an anti-dumping duty. We quality the allegations underlying the investigation. We volition cooperate afloat with the ministry and are assured the facts enactment us. Our presumption has not changed. Cronos does not prosecute successful dumping.