Cronos Group, Inc. (NASDAQ:CRON) Q2 2023 Earnings Conference Call August 8, 2023 8:30 AM ET
Company Participants
Shayne Laidlaw - Director, IR & Strategy
Michael Gorenstein - President, CEO & Chairman
James Holm - CFO
Conference Call Participants
Vivien Azer - TD Cowen
Operator
Good morning. My name is Victor, and I'll be your conference operator today. I would like to welcome everyone to Cronos' 2023 Second Quarter Earnings Conference Call. Today's call is being recorded.
At this time, I would like to turn the call over to Shayne Laidlaw, Investor Relations. Please go ahead.
Shayne Laidlaw
Thank you, Victor, and thank you for joining us today to review Cronos' 2023 second quarter financial and business performance. Today, I'm joined by our Chairman, President and CEO, Mike Gorenstein; and our CFO, James Holm. Cronos issued a news release announcing our financial results this morning, which is filed on our EDGAR and SEDAR profiles. This information as well as the prepared remarks will also be posted on our website under Investor Relations.
Before I turn the call over to Mike, let me remind you that we may make forward-looking statements and refer to non-GAAP financial measures during this call. These forward-looking statements are based on management's current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements.
Factors that could cause actual results to differ materially from expectations are detailed in our earnings materials and our SEC filings that are available on our website, by which any forward-looking statements made during this call are qualified in their entirety. Information about non-GAAP financial measures, including reconciliations to U.S. GAAP, can also be found in the earnings materials that are available on our website.
Lastly, we will be making statements regarding market share information throughout this conference call, and unless otherwise stated, all market share data is provided by Hifyre. We will now make prepared remarks, and then we will move to a question-and-answer session.
With that, I'll pass it over to Cronos' Chairman, President and CEO, Mike Gorenstein.
Michael Gorenstein
Thank you, Shayne, and good morning, everyone. Our core focus areas in 2023 are continuing to launch innovative borderless products, improving our gross margin and driving efficiencies in operating expenses, culminating in a common goal of consistent cash flow generation. We initiated several measures to pursue greater efficiency and to realign our business and strategic priorities.