kurt schmidt cronos
Xiuming Shum - EVP of Legal and Regulatory Affairs. Readers are cautioned not to put undue reliance on any Forward-looking Statement. Some of the Forward-looking Statements contained in this press release include expectations regarding Mr. Schmidt’s ability to drive the Company’s next phase of growth and continue the Company’s commitment to lead the industry forward responsibly, the Company’s ability to leverage the Company’s strengths and deliver best in class brands and products to its consumers, the roles and responsibilities of the Executive Chairman, the anticipated benefits of the Company’s expanded leadership structure and Mr. Gorenstein’s contributions as Executive Chairman, and the Company's intention to build an international iconic brand portfolio and develop disruptive intellectual property. He received a B.S. Kurt Schmidt-- President and Chief Executive Officer. Kurt Schmidt is President/CEO at Cronos Group Inc. See Kurt Schmidt's compensation, career history, education, & memberships. Mike Gorenstein has served as Chairman, President and Chief Executive Officer of Cronos Group since its founding in 2016. In addition, Mike is a Co-Founder and passive Member of Gotham Green Partners. TORONTO, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) today announced that its Board of Directors has appointed Kurt Schmidt President and Chief Executive Officer of the Company, effective today. Schmidt, who has worked in the consumer packaged goods space for more than three decades at companies such as Blue Buffalo Company Ltd. and Nestlé S.A., … Any Forward-looking Statement included in this press release is made as of the date of this press release and, except as required by law, Cronos Group disclaims any obligation to update or revise any Forward-looking Statement. Born in Heidelberg, jurist Kurt … He also has extensive operational and management experience at some of the largest global consumer goods companies. Good morning. --Cronos Group Inc. today announced that its Board of Directors has appointed Kurt Schmidt President and Chief Executive Officer of the Company, effective today. Canadian cannabis producer Cronos Group paid CEO Kurt Schmidt more than $10 million (12.2 million Canadian dollars) in salary and other compensation in 2020, according to the Toronto-based company’s recently disclosed proxy circular, even as the operation continued to lose money.. Schmidt’s compensation reflects a salary and bonus that covers only the part of … Cronos Group Inc. (NASDAQ:CRON) Q3 2020 Earnings Conference Call November 5, 2020 8:30 AM ET. “I am thrilled to welcome Kurt to Cronos,” said Gorenstein. Mike graduated from the University of Pennsylvania Law School with a Juris Doctor, the Wharton School at University of Pennsylvania with a certificate in Business Economics and Public Policy and the Kelley School of Business at Indiana University with a Bachelor of Science Business in Finance. Cronos Group ()() has appointed a new chief executive officer, replacing Mike Gorenstein, who has led the Toronto-based cannabis company since 2016.Cronos said Kurt Schmidt brings more than three decades of experience at major consumer packaged goods firms including Nestle (), Gerber and Kraft Foods ().The company said Gorenstein has been named … Prior to Gerber, Kurt held a variety of leadership roles at Kraft Foods, Inc. Kurt currently serves on the Board of Campbell Soup Company. All information contained herein that is not clearly historical in nature may constitute Forward-looking Statements. Following Aurora Cannabis’s (ACB) announcement this week of a new CEO, Cronos Group (CRON) announced their own CEO change.The company announced Tuesday that Kurt Schmidt is now the full-time CEO of CRON. Cronos delivered net revenue increased 133% to $17.0 million in the fourth quarter versus $9.7 million for the same time period in 2019. Kurt Schmidt - CRON / Cronos Group Inc. - Insider Trade Report Security: CRON / Cronos Group Inc. Insider: Kurt Schmidt: This page shows the track record and history of Schmidt Kurt insider trades in Cronos Group Inc.. In addition, Mike is a Co-Founder and passive Member of Gotham Green Partners. Taking his place will be that of Kurt Schmidt, whom comes with experience from executive roles at Blue Buffalo Company, Nestle S.A., Gerber and … (i) See “Non-GAAP Measures” for more information, including a reconciliation of Adjusted EBITDA. “My goals this year will be to focus on building a winning team by fostering a collaborative, performance-driven culture; continue to focus on creating disruptive … Born in Heidelberg, jurist Kurt Schmitt graduated in 1911 in Munich with the thesis "The Ongoing Information File, in Particular the Information Convention", and then went into the service of the Allianz AG insurance company. Good morning. This is a powerful combination that we believe will create meaningful benefits across the Cronos organization. Cronos Group, Inc. (NASDAQ:CRON) Q1 2021 Earnings Conference Call May 07, 2021, 08:30 ET Company Participants Shayne Laidlaw - Director, IR & Strategy Kurt Schmidt - … TORONTO, Sept. 09, 2020 (GLOBE NEWSWIRE) — Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) today announced that its Board of Directors has appointed Kurt Schmidt President and Chief Executive Officer of the Company, effective today. It seems the marketing costs will probably remain elevated. Launched a new hemp-derived CBD brand, Happy Dance ™, in the U.S. market in partnership with Kristen Bell Cronos Israel received approval to sell PEACE NATURALS™ branded pre-rolls and oils in Israel. Mike Gorenstein served as the Chairman, President, and CEO of Cronos since 2016. Cronos Group Inc. appointed Kurt Schmidt to be its new chief executive officer on Wednesday in a move the cannabis producer said will help usher in a new phase of growth for the Toronto-based company. “I am thrilled to welcome Kurt to Cronos,” said Gorenstein. Before joining Cronos Group, Mike was the Vice President and General Counsel at Alphabet Partners, LP, a New York City based multi-strategy investment management firm, focused on identifying mispriced assets across various industries, asset classes and geographies. Kurt joined Nestlé in 2007 as part of its acquisition of Gerber Products from Novartis, where he was the President and Chief Executive Officer of Gerber Products Company from 2004 to 2007. “Mike’s vision, creativity and hard work have been the force behind Cronos Group’s success. This expanded leadership structure joins his strong capabilities and those of our executive team with Kurt’s extensive CPG expertise. Kurt brings to Cronos Group more than three decades of experience leading … Before joining the Company, Kurt served as director and Chief Executive Officer of Blue Buffalo Company, Ltd. from 2012 through 2016. We are delighted to welcome Kurt to the Company,” said Jim Rudyk, Cronos Group’s Lead Independent Director. Joining as CEO is a unique opportunity to use my work building outstanding brands, high performance teams and results driven organizations. Over the past year, I’ve led a search for an experienced consumer focused executive who shares the Company’s values and can help take us to the next level. Seekingalpha.com | 11-05. Kurt Schmidt — President & Chief Executive Officer. Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) today announced that its Board of Directors has appointed Kurt Schmidt President and Chief Executive Officer of the Company, effective today. Kurt T. Schmidt is President & Chief Executive Officer at Cronos Group, Inc. View Kurt T. Schmidt’s professional profile on Relationship Science, the database of decision makers. Joining as CEO is a unique opportunity to use my work building outstanding brands, high performance teams and results driven organizations. Cronos Group Inc. TORONTO, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) today announced that its Board of Directors has appointed Kurt Schmidt President and Chief Executive Officer of the Company, effective today. Biography. Cronos Group issued a news release announcing these financial results this morning, which are filed on our EDGAR and SEDAR profiles. Jerry Barbato — Chief Financial Officer. Any Forward-looking Statement included in this press release is made as of the date of this press release and, except as required by law, Cronos Group disclaims any obligation to update or revise any Forward-looking Statement. Kurt Thomas Schmidt - Cronos Group Inc. - President & CEO. I look forward to working with Mike, the Board and the Company’s dedicated employees to propel Cronos Group toward its full potential.”. “We’ve built a premier global cannabinoid Company with a portfolio of innovative technology, differentiated consumer brands, an excellent team, a fortress balance sheet and a strong strategic partner. Just to add a little bit to that. In 1917, he became a member of the Allianz … He has demonstrated tremendous success partnering with founders of late stage start-ups to accelerate growth. Kurt Schmidt appointed President and CEO; Mike Gorenstein appointed Executive Chairman. This expanded leadership structure joins his strong capabilities and those of our executive team with Kurt’s extensive CPG expertise. Kurt Paul Schmitt (7 October 1886 – 2 November 1950) was a German economic leader and the Reich Economy Minister. 30-Year CPG Executive Kurt Schmidt Joins Cronos as Chief Executive Officer and Mike Gorenstein Named Executive Chairman. Kurt brings to Cronos Group more than three decades of experience leading and growing renowned global consumer packaged goods companies and … Cronos Device Labs expands its cannabinoid research scope and rebrands to Cronos … Over the past year, I’ve led a search for an experienced consumer focused executive who shares the Company’s values and can help take us to the next level. Prior to joining Blue Buffalo, Kurt was Deputy Executive Vice President at Nestlé S.A., where he was responsible for the Nestlé Nutrition, including several science-oriented and heavily regulated businesses. My name is Junica, and I will be your conference operator today. He has demonstrated tremendous success partnering with founders of late stage start-ups to accelerate growth. The Company also announced that Mike Gorenstein has been appointed Executive Chairman. Xiuming Shum - EVP of Legal and Regulatory Affairs. Kurt Schmidt serves as Cronos Group’s President and Chief Executive Officer. 30-Year CPG Executive Kurt Schmidt Joins Cronos as Chief Executive Officer and Mike Gorenstein Named Executive Chairman Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) today announced that its Board of Directors has appointed Kurt Schmidt President and Chief Executive Officer of the Company, effective today. Kurt Schmidt serves as Cronos Group’s President and Chief Executive Officer. TORONTO, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) today announced that its Board of Directors has appointed Kurt Schmidt President and Chief Executive Officer of the Company, effective today. Cronos GRoup (TSX: CRON) (NASDAQ: CRON) this morning announced that Mike Gorenstein will be stepping aside as both President and CEO of the firm, while remaining with the company in the role of executive chairman. I’m excited to partner with Kurt to leverage Cronos Group’s strengths and deliver best in class brands and products to our consumers.”. I am passionate about brands and inspired by Cronos’. In some cases, Forward-looking Statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify Forward-looking Statements. The stock was moving higher by over 7% in early trading as the earnings per share of $0.19 beat the analyst estimates by $0.25. Schmidt’s compensation reflects a salary and bonus that covers only the part of … Cronos Group Reports 2021 First Quarter Results Receives processing license for the commercial production and sale of cannabinoids using biosynthesis Announces plans to launch Spinach™ branded edibles to the Canadian adult-use market Launches transformative Lord Jones™ brand campaign entitled, “A Higher Order” Cronos Israel expands PEACE NATURALS™ … The Company also announced that Mike Gorenstein has been appointed Executive Chairman. Kurt Schmidt brings deep experience in consumer products with decades of leadership experience in the U.S. and overseas. Well, one of the things we're seeing is the trend during COVID, right, and Jerry just talked about that. Forward-looking Statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, financial results, results, performance or achievements expressed or implied by those Forward-looking Statements and the Forward-looking Statements are not guarantees of future performance. Mike graduated from the University of Pennsylvania Law School with a Juris Doctor, the Wharton School at University of Pennsylvania with a certificate in Business Economics and Public Policy and the Kelley School of Business at Indiana University with a Bachelor of Science Business in Finance. The SEC defines Insiders as officers, directors, or significant investors (greater than 10% ownership) in a company. I’m excited to partner with Kurt to leverage Cronos Group’s strengths and deliver best in class brands and products to our consumers.”. Kurt brings to Cronos Group more than three decades of experience leading … Kurt Schmidt-- President and Chief Executive Officer Thank you, Shayne. Yes, good question. Cronos Group is committed to building disruptive intellectual property by advancing cannabis research, technology and product development. Canadian cannabis producer Cronos Group paid CEO Kurt Schmidt more than $10 million (12.2 million Canadian dollars) in salary and other compensation in 2020, according to the Toronto-based company’s recently disclosed proxy circular, even as the operation continued to lose money. Kurt T. Schmidt is an American businessperson who has been at the helm of 5 different companies and currently holds the position of President & Chief Executive Officer of Cronos Group, Inc. Despite this, we continued to push forward our innovation pipeline and execute on our strategy, which was a true testament to the strength of our team,” said Kurt Schmidt, President and CEO, Cronos Group. Prior to joining Blue Buffalo, Kurt was Deputy Executive Vice President at Nestlé S.A., where he was responsible for the Nestlé Nutrition, including several science-oriented and heavily regulated businesses. TORONTO, Sept. 09, 2020 (GLOBE NEWSWIRE) — Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) today announced that its Board of Directors has appointed Kurt Schmidt President and Chief Executive Officer of the Company, effective today. Brand Updates. The Cronos Israel team has … Kurt joined Nestlé in 2007 as part of its acquisition of Gerber Products from Novartis, where he was the President and Chief Executive Officer of Gerber Products Company from 2004 to 2007. Cronos Group Inc. (NASDAQ: CRON) released its 2020 fourth quarter and full-year business results for the quarter ending in December. Prior to Gerber, Kurt held a variety of leadership roles at Kraft Foods, Inc. Kurt currently serves on the Board of Campbell Soup Company. Kurt Schmidt-- President and Chief Executive Officer. On Wednesday, Canada-based Cronos Group (NASDAQ:CRON) announced the appointment of Kurt Schmidt as CEO and president, effective immediately. Yeah. Prior to Alphabet Partners, LP, he was a corporate attorney at Sullivan & Cromwell LLP, where he focused on mergers and acquisitions and capital markets transactions. Cronos Group is an innovative global cannabinoid company with international production and distribution across five continents. Forward-looking Statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, financial results, results, performance or achievements expressed or implied by those Forward-looking Statements and the Forward-looking Statements are not guarantees of future performance. TORONTO, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) today announced that its Board of Directors has appointed Kurt Schmidt President and Chief Executive Officer of the Company, effective today. Equipped with decades of executive experience at global brands like Nestlé and Gerber, his hiring mirrors an industry trend of hiring top management from the consumer packaged goods industry. Thank you, Shayne. --Cronos Group Inc. today announced that its Board of Directors has appointed Kurt Schmidt President and Chief Executive Officer of the Company, effective today. First Quarter 2021. Cronos Group Inc. (NASDAQ:CRON) Q3 2020 Earnings Conference Call November 5, 2020 8:30 AM ET. Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) today announced that its Board of Directors has appointed Kurt Schmidt President and Chief Executive Officer of the Company, effective today. Thank you, Shayne. Before joining the Company, Kurt served as director and Chief Executive Officer of Blue Buffalo Company, Ltd. from 2012 through 2016. We thank you in advance for your patience and understanding. Kurt served as director and Chief Executive Officer of Blue Buffalo Company, Ltd. from 2012 through 2016. For more information about Cronos Group and its brands, please visit: www.thecronosgroup.com. This is Kurt. You’re right, Israel, we’re really happy with how it performed in Q1. We hope that others within the industry will embrace similar commitments,” said Kurt Schmidt, President and Chief Executive Officer, Cronos Group. Cronos Group Inc. (NASDAQ: CRON) reported that its third-quarter net revenue of $11.4 million increased by $5.6 million from the third quarter in 2019. Equipped with decades of executive experience at global brands like Nestlé and Gerber, his hiring mirrors an industry trend of hiring top management from the consumer packaged goods industry. This press release may contain information that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws (collectively, “Forward-looking Statements”). He is also on the board of Campbell Soup Co. Cronos Group’s portfolio includes PEACE NATURALS™, a global health and wellness platform, two adult-use brands, COVE™ and Spinach™, and two hemp-derived CBD brands, Lord Jones™ and PEACE+™. TORONTO, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) today announced that its Board of Directors has appointed Kurt Schmidt President and Chief Executive Officer of … In addition to the earnings, Kurt Schmidt was […] Kurt served as director and Chief Executive Officer of Blue Buffalo Company, Ltd. from 2012 through 2016. Cronos Group Reports 2021 First Quarter Results Receives processing license for the commercial production and sale of cannabinoids using biosynthesis Announces plans to launch Spinach™ branded edibles to the Canadian adult-use market Launches transformative Lord Jones™ brand campaign entitled, “A Higher Order” Cronos Israel expands PEACE … Taking his place will be that of Kurt Schmidt, whom comes with experience from executive roles at Blue Buffalo Company, Nestle S.A., Gerber and … I would like to welcome everyone to the Cronos … Cronos Group Inc. (CRON) CEO Kurt Schmidt on Q3 2020 Results - Earnings Call Transcript. Mike Gorenstein has served as Chairman, President and Chief Executive Officer of Cronos Group since its founding in 2016. 30-Year CPG Executive Kurt Schmidt Joins Cronos as Chief Executive Officer and Mike Gorenstein Named Executive Chairman Kurt Schmidt … In some cases, Forward-looking Statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify Forward-looking Statements. We will now make prepared remarks and then we’ll move to a question-and-answer session. When I met Kurt, it was immediately clear that he is uniquely suited to drive the Company’s next phase of growth and continue our commitment to lead the industry forward responsibly.”, Gorenstein continued, “Kurt is a world-class executive with a long track record of outstanding performance. Cronos Group’s portfolio includes PEACE NATURALS™, a global health and wellness platform, two adult-use brands, COVE™ and Spinach™, and two hemp-derived CBD brands, Lord Jones™ and PEACE+™. “We’ve built a premier global cannabinoid Company with a portfolio of innovative technology, differentiated consumer brands, an excellent team, a fortress balance sheet and a strong strategic partner. “Mike’s vision, creativity and hard work have been the force behind Cronos Group’s success. Mike has served as Chairman, President and Chief Executive Officer of Cronos Group since 2016. I look forward to working with Mike, the Board and the Company’s dedicated employees to propel Cronos Group toward its full potential.”. Here’s the press launch… 30-Year CPG Executive Kurt Schmidt Joins Cronos as Chief Executive Officer and Mike Gorenstein Named Executive Chairman Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) at this time introduced that its Board of Directors has appointed Kurt Schmidt President and Chief Executive Officer of the … And so we definitely have seen that preferences have shifted towards buying more volume in the flower … This press release may contain information that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws (collectively, “Forward-looking Statements”). © 2021 The Cronos Group, All rights reserved. Cronos Group Inc. (NASDAQ: ... we continue to push cannabinoid innovation and differentiated product offerings under our portfolio of brands,” said Kurt Schmidt, President and CEO of Cronos Group. He also has extensive operational and management experience at some of the largest global consumer goods companies. This information, as well as the prepared … It is illegal for insiders to make trades in … Kurt brings to Cronos Group more than three decades of experience leading … In a note from CIBC, John … Cronos Group Announces Expanded Leadership Structure to Drive Next Phase of Growth GlobeNewswire Sep 09, 2020 08:00 AM EDT 30-Year CPG Executive Kurt Schmidt Joins Cronos as Chief Executive Officer and Mike Gorenstein Named Executive Chairman TORONTO, Sept. 09, 2020 (GLOBE NEWSWIRE) — Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) today announced that its Board of Directors has appointed Kurt Schmidt President and Chief Executive Officer of the Company, effective today. The net loss for the quarter was a whopping $111 million versus last year’s net income of $61 … For more information about Cronos Group and its brands, please visit: www.thecronosgroup.com. Thank you, Shayne. Organization name: CRONOS GROUP INC. Senior Officer Name: Kurt Schmidt, President and Chief Executive Officer Initial registration start date: 2019-10-25 Registration status: Active Projected end date: No date provided Registration number: 7375-1180 Readers are cautioned not to put undue reliance on any Forward-looking Statement. Zamparo states that although the background of Kurt Schmidt is a favorable one, as he has a lot of experience in large conglomerates and smaller CPG players, the timing of this move “is somewhat surprising.” Zamparo also comments that Schmidt’s background “pairs well with the cannabis industry,” as he spent five years as the … Of late stage start-ups to accelerate growth to welcome Kurt to the Cronos team have in! The things we 're seeing is the trend during COVID, right, and will..., ” said Jim Rudyk, Cronos Group is an innovative global cannabinoid Company with international production and across! 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