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Condensed Consolidated Statements of Net Income and Comprehensive Income (Loss) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net revenue, before excise taxes $ 11,432,000 $ 8,064,000 $ 20,776,000 $ 11,455,000
Excise taxes (1,549,000) (411,000) (2,461,000) (798,000)
Net revenue 9,883,000 7,653,000 18,315,000 10,657,000
Cost of sales 9,774,000 3,560,000 16,720,000 5,009,000
Inventory write-down 3,062,000 0 11,024,000 0
Gross profit (loss) (2,953,000) 4,093,000 (9,429,000) 5,648,000
Operating expenses        
Sales and marketing 6,504,000 4,005,000 13,616,000 5,133,000
Research and development (“R&D”) 3,631,000 2,300,000 8,221,000 3,471,000
General and administrative 18,437,000 11,488,000 42,196,000 18,781,000
Share-based payments 2,546,000 2,647,000 4,982,000 4,418,000
Depreciation and amortization 684,000 408,000 1,371,000 726,000
Total operating expenses 31,802,000 20,848,000 70,386,000 32,529,000
Operating loss (34,755,000) (16,755,000) (79,815,000) (26,881,000)
Other income (expense)        
Interest income, net 3,734,000 9,442,000 11,485,000 11,528,000
Share of loss from investments in equity accounted investees (794,000) (741,000) (1,966,000) (939,000)
Gain (loss) on revaluation of derivative liabilities (35,880,000) 197,310,000 77,488,000 525,526,000
Impairment loss on goodwill and intangible assets (40,000,000) 0 (40,000,000) 0
Financing and transaction costs 0 (3,368,000) 0 (25,601,000)
Other income (loss) (8,000) 0 786,000 16,243,000
Total other income (loss) (72,948,000) 202,643,000 47,793,000 526,757,000
Income (loss) before income taxes (107,703,000) 185,888,000 (32,022,000) 499,876,000
Income tax expense 0 0 0 0
Net income (loss) (107,703,000) 185,888,000 (32,022,000) 499,876,000
Net income (loss) attributable to:        
Cronos Group (106,977,000) 185,999,000 (30,937,000) 500,090,000
Non-controlling interests (726,000) (111,000) (1,085,000) (214,000)
Net income (loss) (107,703,000) 185,888,000 (32,022,000) 499,876,000
Other comprehensive income (loss)        
Foreign exchange gain (loss) on translation 51,871,000 17,947,000 (61,821,000) 21,845,000
Total other comprehensive income (loss) 51,871,000 17,947,000 (61,821,000) 21,845,000
Comprehensive income (loss) (55,832,000) 203,835,000 (93,843,000) 521,721,000
Comprehensive income (loss) attributable to:        
Cronos Group (55,070,000) 203,947,000 (92,745,000) 521,932,000
Non-controlling interests (762,000) (112,000) (1,098,000) (211,000)
Comprehensive income (loss) $ (55,832,000) $ 203,835,000 $ (93,843,000) $ 521,721,000
Net income (loss) per share        
Basic (in dollars per share) $ (0.31) $ 0.56 $ (0.09) $ 1.57
Diluted (in dollars per share) $ (0.31) $ 0.16 $ (0.09) $ 0.41
Weighted average number of outstanding shares        
Basic (in shares) 349,075,408 334,665,873 348,946,439 317,940,749
Diluted (in shares) [1] 349,075,408 374,676,595 348,946,439 364,872,093
[1] In computing diluted earnings per share, incremental common shares are not considered in periods in which a net loss is reported, as the inclusion of the common share equivalents would be anti-dilutive.