We Think Cronos Group (TSE:CRON) Can Afford To Drive Business Growth
We can easily understand why investors are attracted to unprofitable companies. For example, although Salesforce.com’s software-as-a-service business lost money for years while it grew recurring revenue, if you held shares since 2005, you’d have done very well indeed. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?
So, the natural question for Chronos Group (TSE:CRON) shareholders is whether they should be concerned by its rate of cash burn. For the purpose of this article, we’ll define cash burn as the amount of cash the company is spending each year to fund its growth…
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