Cronos surges on news of acquiring largest European recreational cannabis company

Cronos Group Inc. (CRON) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 pressreleaseq22026qformat.htm EX-99.1 Document Cronos Group Reports 2026 Second Quarter Results Organically achieved record net revenue, gross profit, and Adjusted EBITDA while reducing share count Net revenue in Q2 2026 increased by 51% year-over-year on an organic, co

Activist short seller Andrew Left, founder of Citron Research, was convicted in Los Angeles federal court of securities fraud for allegedly manipulating stock prices using his social-media following. A jury found him guilty on 1 scheme count and 12 securities-fraud counts; prosecutors said he profited about $20 million. He plans to appeal and faces sentencing Aug. 31, with up to 25 years on the lead count.

The US Department of Defense awarded Raytheon Technologies (RTX) two contracts totaling $1.28 billion for Standard Missile-3 Block IIA production and TOW Weapon System engineering and full-rate production. The article says US interceptor stocks have fallen sharply during the Iran campaign, citing CSIS estimates, and links shortages to defense industrial base expansion.

Taylor Farms recalled more than a dozen prepared foods with jalapeños, including salsas and guacamole, due to potential Salmonella contamination, Reuters reported. The company linked the issue to a Coast Citrus Distributors recall and said it is no longer sourcing peppers from a Sinaloa, Mexico farmer while seeking alternatives. U.S. authorities are investigating a jalapeño-linked outbreak affecting 345 people in 27 states.

A Defense Department memo obtained by The Washington Post says Deputy Defense Secretary Steve Feinberg is urging U.S. defense firms to submit within 21 days plans to accelerate weapons production and delivery, citing depleted munitions from the Iran war. It cites heavy missile and interceptor use and declining Patriot and THAAD inventories. Companies named include Lockheed Martin, Northrop Grumman, Boeing, Anduril, and Palantir, with funding tied to a stalled $1.15T defense bill.

Pentagon deputy secretary Steve Feinberg asked major U.S. defense firms to accelerate production and deliveries of weapons and sensors, citing concerns about shortages and gaps tied to the Iran conflict. In an Aug. 5 letter seen by Bloomberg, he targeted programs including wide-area surveillance, air-defense sensors and interceptors, and missile-tracking systems, asking for plans by late August.