Share Repurchase Program |
6 Months Ended |
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Jun. 30, 2026 | |
| Equity [Abstract] | |
| Share Repurchase Program | Share Repurchase Program On May 8, 2026, the Board unanimously authorized a share repurchase program (the “Share Repurchase Program”) of up to $50,000, which succeeded the Company’s prior share repurchase program upon its expiration on May 13, 2026. The Share Repurchase Program commenced on May 14, 2026 and is expected to expire on May 13, 2027, unless earlier terminated. Repurchases under the program may be made from time to time, either through open market purchases at then-prevailing market prices through the facilities of the TSX, the Nasdaq or other U.S. or Canadian published markets, privately negotiated transactions or otherwise. Open market repurchases will not exceed 18,712,918 common shares, the maximum amount permitted by applicable Canadian securities laws. The timing and amount of repurchases are subject to market conditions, compliance with applicable laws and regulations and any other factors management of the Company may deem relevant. The program does not obligate Cronos to acquire any specific dollar amount or number of common shares and may be modified, suspended, or discontinued at any time. During the three months ended June 30, 2026, the Company repurchased 5,888,170 common shares for $16,128, inclusive of commissions and excise taxes. During the six months ended June 30, 2026, the Company repurchased 12,253,870 common shares for $32,858, inclusive of commissions and excise taxes. All common shares repurchased under the applicable share repurchase program were retired and cancelled upon settlement. As a result, the repurchased common shares were removed from issued and outstanding share capital, reducing the number of common shares outstanding. The value of the retired common shares was charged against share capital and additional paid-in capital. The Company funded the repurchases using available cash resources.
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