Cronos – Structure and Current State – 08/18

I've only had a cursory glance at Cronos in the past. It's not because I'm not interested, Mike Gorenstein has given an in depth tour of his facilities to /r/TheCannalysts. I've levered off of /u/GoBlueCdn's efforts so far, but it's time to have my own look at the financials, and see what stands out.Right to it.....$90MM in facilities/PP&E, $75MM of that in progress. Huge buildout under way....execution and project delivery critical.Intangibles/goodwill at $12MM, mostly HC licenses. Fashionable for earlier in-sector entrants, demonstrates how much resources were required in the early days. Minuscule compared to WEED, who I recall is around $480MM.G&A relatively steep, but…

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