---
title: "Cronos targets Canadelaar close in summer 2026 while renewing $50M buyback"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286015770.md"
description: "Cronos Group Inc. reported record Q1 2026 net revenue of $45.2 million, a 40% year-over-year increase, driven by strong international performance and market share gains in Canada. CEO Michael Gorenstein announced the expected completion of the CanAdelaar acquisition in summer 2026 and a renewed $50 million share repurchase program. The company maintains a strong balance sheet with $822 million in cash and no debt. Adjusted EBITDA for the quarter was $5.1 million, reflecting improved efficiency and sales volumes. Management emphasized ongoing execution and product momentum as key focus areas for 2026."
datetime: "2026-05-12T01:03:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286015770.md)
  - [en](https://longbridge.com/en/news/286015770.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286015770.md)
---

# Cronos targets Canadelaar close in summer 2026 while renewing $50M buyback

Earnings Call Insights: Cronos Group Inc. (CRON) Q1 2026 Management View Michael Gorenstein (President, CEO & Chairman) said the quarter delivered “record net revenue and gross profit,” highlighting international strength and Canadian market share gains: “International markets delivered record net revenue, and our Canadian brands posted share gains...

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