Cronos Group Announces Closing of Previously Announced $100 Million Bought Deal TORONTO

Cronos Group Announces Closing of

Previously Announced $100 Million Bought Deal

TORONTO, April 6, 2018 - Cronos Group

Inc. (NASDAQ, TSX-V: CRON) ("Cronos Group" or the "Company") is pleased to announce that it has closed

its previously announced bought deal public offering. A total of 10,420,000 common shares of Cronos Group (the "Shares")

were sold at a price of $9.60 per Share for aggregate gross proceeds of approximately $100.0 million (the "Offering").

The Offering was underwritten by a syndicate

co-led by GMP Securities L.P. and BMO Capital Markets and including Cormark Securities Inc., Beacon Securities Limited and PI Financial

The Company intends to use $15.0 million

of the net proceeds of the Offering for capital expenditures relating to international operations and capacity expansion, and the

remaining net proceeds of the Offering for general working capital purposes, including working capital for the Company's

international operations, and as capital on hand for potential new investment opportunities.

The Shares were offered by the Company

pursuant to the Company's effective registration statement on Form F-10 filed with the U.S. Securities and Exchange Commission

(the "SEC") and its corresponding Canadian short form prospectus filed with the securities regulatory authorities in

each of the provinces of Canada other than Qu bec (the "Securities Commissions"). A final short form prospectus

was filed with the SEC and the Securities Commissions on March 29, 2018 (the "Prospectus"). The Prospectus may be accessed

for free by visiting EDGAR on the SEC website at http://www.sec.gov or via SEDAR at www.sedar.com. Alternatively, the Company,

any underwriter or any dealer participating in the Offering will arrange to send you the Prospectus if you request it from GMP

Securities L.P. by calling toll-free at 1 (888) 301-3244 or by email at GMPECMProspectusDistribution@gmpsecurities.com or from

BMO Capital Markets, Brampton Distribution Centre C/O The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario L6S 6H2

by calling (905) 791-3151 ext: 4312 or by email at torbramwarehouse@datagroup.ca.

This news release does not constitute

an offer to sell or the solicitation of an offer to buy any common shares, nor there be any sale of common shares in any jurisdiction

in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of

All references to "$" in

this press release are to Canadian dollars.

Cronos Group is a globally diversified

and vertically integrated cannabis company with a presence across four continents. The Company operates two wholly-owned Canadian

Licensed Producers regulated under Health Canada's Access to Cannabis for Medical Purposes Regulations: Peace Naturals,

which was the first non-incumbent medical cannabis license granted by Health Canada, and Original BC Ltd. (British Columbia), which

is based in the Okanagan Valley. The Company has multiple international production and distribution platforms including: Germany,

Israel and Australia. The Company is rapidly expanding its global footprint as it focuses on building an international iconic brand

portfolio and developing disruptive intellectual property. Cronos Group is committed to building industry leading companies that

transform the perception of cannabis and responsibly elevate the consumer experience.

Forward-looking statements

This news release contains "forward-looking

information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws.

All information contained herein that is not clearly historical in nature may constitute forward-looking information. Forward-looking

statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are

inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that may cause actual

financial results, performance or achievements to be materially different from the estimated future results, performance or achievements

expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance.

Forward-looking statements in this news

release include, but are not limited to, information relating to the use of proceeds of the Offering. The intended use of the proceeds

of the Offering may change if Cronos Group elects to allocate proceeds differently from that described in this news release. Except

as required by law, Cronos Group disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned

not to put undue reliance on these forward-looking statements.

Neither the TSX Venture Exchange nor

its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for

the adequacy or accuracy of this release.

For further information please contact

Chief Executive Officer