Robust distribution network expansion underpins the latest cron stock price forecast. Analysts project that increased retail penetration could translate into a 20% rise in quarterly shipments. Online learning accelerated during the pandemic but has since fallen far below its peak. Still, the shift toward online learning I don’t think will slow down for the foreseeable future, but instead accelerate. NRDY could then be a viable option to take advantage of this shifting trend. The company reported significant growth and operational improvements in 2023, with a positive outlook for 2024. In Q4 2023, revenue grew by 32% year-over-year to $55.1 million, driven by the transition to learning memberships and increased institutional revenue. Nearly all consumer revenue came from subscription learning memberships, contributing to a 101% increase in active learners to 40.7 thousand and a record quarterly gross profit of $39.2 million. In May, Tilray announced a $250 million at-the-market offering for acquisition and expansion in the U.S. once cannabis is reclassified as a Schedule III drug. The impending reclassification is a catalyst for TLRY stock upside. A comparative study shows that cron’s performance correlates strongly with broader cannabis ETF movements. This relationship validates analysts’ cron stock price forecast when sector indices trend upward.
