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Cannabis Watch: Pot maker Cronos Group losses widen, but recreational sales remain a mystery

Investors still have no idea how much recreational pot Cronos Group Inc. sold as its losses continued to mount, according to fourth-quarter earnings it reported Tuesday before the opening bell.

Cronos CRON, -3.80%CRON, -3.36% stock tumbled 5% in Tuesday morning trading.

As the last of the world’s largest cannabis companies by market valuation reported results, it remains clear that Canada’s recreational market has not yet proven as lucrative or efficient as its boosters had hoped. Cronos echoed its much larger rivals Aurora Cannabis Inc. ACB, -0.86%ACB, -0.97% and Canopy Growth Corp. CGC, +0.00%WEED, +0.30% — in terms of sales — describing challenges it faced packaging recreational pot and growing uncertainty over the now-outlawed edibles regime set to take effect this year.

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