Cronos Group Inc. shares fell in early trading Tuesday after the company reported a wider loss in its fourth quarter.
At 10:06 a.m. ET, Toronto-listed shares were down 2.4% at C$4.44.
The cannabis producer and distributer said its loss for the quarter was 36 cents a share, compared to a loss of 31 cents a share a year earlier.
Revenue rose 51% to $25.8 million, beating analyst expectations of $23.9 million, according to FactSet. The increase was primarily driven by continued growth in the Canadian adult-use market and more sales in the Israeli medical market, the company said.