Cronos Group (CVE:MJN) Stock Price Down 1.9% – Here’s Why

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

Cronos Group Price Performance

The firm has a 50-day moving average price of C$12.15 and a two-hundred day moving average price of C$12.15.

About Cronos Group

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.