Cronos Group Inc vs Tencent Music Entertainment Group - ADR — how do they compare? Cronos Group Inc trades at $3.08 (market cap $1.14B), while Tencent Music Entertainment Group - ADR trades at $8.65 (market cap $16.09B). The key difference: Tencent Music Entertainment Group - ADR is far larger — about 14.1× Cronos Group Inc's market cap, and Tencent Music Entertainment Group - ADR pays a 2.75% dividend while Cronos Group Inc pays none. Which is the better fit depends on your goals.
| CRON | TME | |
|---|---|---|
Market Cap | $1.14B | $16.09B |
Sector | Health | Media |
52-Week High | $3.27 | $26.36 |
52-Week Low | $2.30 | $8.16 |
Enterprise Value | $341.13M | $14.05B |
Dividend Yield | — | 2.75% |
Trailing returns across standard periods
Latest headlines on both assets
Cronos Group, headquartered in Toronto, Canada cultivates and sells medicinal and recreational cannabis through its medicinal brand, Peace Naturals, and its two recreational brands, Cove and Spinach. Although it primarily operates in Canada, Cronos exports medical cannabis to Poland and Germany. In addition, it has entered joint ventures in Israel, Colombia, and Australia to drive further international cultivation and distribution growth. In the U.S. the company directly sells hemp-derived CBD and has an option to acquire 10.5% of U.S. multistate operator PharmaCann.
Read more on CRON →TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
Read more on TME →