Canadian cannabis market shows improved supply-demand balance

Cronos Group Inc. held its 37th Annual Roth Conference on March 17, 2025. The meeting featured Mike Gorenstein, the company’s CEO and Chairman. He discussed Cronos' current position in the cannabis market. Gorenstein noted that Cronos has become a leader in Canada. The company has improved its operations and taken advantage of international markets as they open up. He emphasized recent changes in the Canadian cannabis landscape. In the past, Canada faced an oversupply of cannabis. However, Gorenstein explained that the situation is changing. Many companies have shut down due to reduced investment, leading to fewer products in the market. Additionally, demand is rising in countries like Germany, the UK, and Australia. This has created a complex situation where supply is decreasing, improving market conditions in Canada. Gorenstein believes these shifts have contributed to a healthier marketplace for cannabis.