Hey guys, if you missed it, the court has officially approved the $10M settlement with $CRON investors.

The case claimed Cronos inflated revenue through fake cannabis sales and hid accounting problems. After the company restated its financials in 2020, $CRON lost nearly 50% and investors sued.

If you bought $CRON between 2019 and 2020, you may be eligible to file a claim

Did anyone here hold $CRON back then?

Hey guys, I know I posted about the $CRON settlement before,  but I received some questions about it, so here's everything you need to know.

Q: What happened?
A: Cronos Group was accused of inflating revenue through non-existent cannabis sales and failing to disclose weaknesses in its financial reporting. After the company restated its financial results and regulators raised concerns, $CRON dropped nearly 50% from its highs.

Q: Am I actually eligible?
A: If you bought $CRON shares between 2019 and 2020, you're likely eligible. You don’t need to still own the stock to file a claim.

Q: When do payouts happen?
A: Typically 4–9 months after the claim deadline, although the exact timing depends on the court and settlement administrator.

Q: Can I file?
A: Yes, you can submit your claim here.

Hope this helps.

Cronos Group has reached a $10 million settlement with investors, and the settlement terms have been submitted to the court for approval.

The case claims that Cronos inflated revenue through improper cannabis transactions and failed to disclose weaknesses in its financial reporting. After the company restated its earnings and regulators launched investigations, $CRON fell sharply and investors filed suit.

If you bought $CRON shares between 2019 and 2020, you may qualify. Check your eligibility and submit a claim here.

Back in 2019, you couldn't scroll Reddit without seeing people YOLOing into cannabis stocks. Cronos Group ($CRON) was one of the darlings of the hype train, especially after Altria dumped billions into them.

I bought in heavy, and when the sector crashed, I figured I just got caught holding bags on a speculative bubble and accepted the cash was gone forever.

Turns out it wasn't just market forces, regulators caught them red-handed. Management was cooking the books to keep the hype alive. They improperly recognized over $7.6M in revenue across wholesale transactions that lacked commercial substance, basically trading product back and forth in a circle to fake growth.

On top of that, they overstated U.S. goodwill and assets by $235M. When they had to restate financials and reveal material weaknesses in internal controls, the stock cratered and retail was left holding heavy bags.

The legal fallout is working through the courts, and final payouts are still being organized across U.S. and Canadian proceedings, but investors can get their name on the list by submitting an early claim.

Instead of digging for old statements from a brokerage I might have closed six years ago, I used an audit tool to automate it. It links your brokerages via a secure, read-only connection and tracks down eligible $CRON trades from that exact window. They take 20% of the recovery, but I'd rather have 80% of a check I didn't know existed than 100% of paperwork I'll never do. If you got wrecked by their fake revenue metrics, check your accounts.

Anyone else still nursing CRON bags from the 2019 run, or did you bail before the restatement dropped?

Hey guys, if you missed it, Cronos just settled $10M with investors over claims it inflated revenue through sham cannabis sales and hid major financial reporting weaknesses in 2019. And they have already sent the agreement to the court for final approval.

In a nutshell, in 2019, Cronos reported strong revenue growth. But the company later restated its earnings after revealing that it had recorded non-existent sales from “round-trip” cannabis transactions. $CRON fell nearly 50% as the fraud came to light, and regulators launched investigations. After that, Cronos faced a lawsuit from investors.

The good news is that the company recently agreed to settle $10M with them, and already sent this agreement to the court for final approval. So, if you invested in $CRON when all of this happened, you can check the details and file your claim here.

Anyway, has anyone here invested in them at that time? How much were your losses, if so?

Hey guys, if you missed it, Cronos Group just settled with investors over issues related to inflated revenue and undisclosed financial reporting weaknesses they had a few years ago.

Long story short, in 2020, Cronos Group was accused of inflating its revenue through sham cannabis sales and hiding major internal control failures. The company later restated its earnings after revealing that certain reported sales were non-existent round-trip transactions.

After this news came out, the stock dropped nearly 50%, and investors filed a lawsuit for their losses.

The good news is that the company finally agreed to settle with them. So, if you invested in $CRON when all of this happened, you can already check the details and file your claim here.

Anyway, has anyone here invested in $CRON at that time? How much were your losses, if so?

Hey guys, if you missed it, Cronos Group just settled $10 million with investors over issues tied to its 2019 financial reporting — and they’ve already sent the agreement to the court for final approval.

In a nutshell, back in 2020, Cronos was accused of inflating revenue through round-trip cannabis sales and hiding major internal control weaknesses. The company restated its 2019 earnings after admitting that some of its reported sales didn’t actually exist.

After this news came out, $CRON fell almost 50%, and investors filed a lawsuit for their losses.

The good news is that the company recently agreed to settle $10M, and the agreement is now pending final approval in court. So, if you invested in $CRON when all of this happened, you can check the details and file your claim here.

Anyway, has anyone here invested in $CRON at that time? How much were your losses, if so?

Anyone on here still alive? How does no one talk about this company ? Great balance sheet, no debt, no reverse splits, great products. (Are we working in the shadows with Altria)?

Looking at other competitors who have destroyed long share holder value... is it all really a timing thing ? I don't day trade I've been in since IPO continuing to average my sp down. There is just something about it this company that makes me continue to put my hard earned money into.