Full Press Release Details
Cronos Group Inc. To Up List and Begin Trading on Toronto
TORONTO, May 22, 2018 /CNW/ - Cronos Group Inc. (NASDAQ,
TSX-V: CRON) ("Cronos Group" or the "Company"), is pleased to announce that trading of
its common shares in Canada will be elevated from the TSX Venture Exchange ("TSX-V") to the Toronto Stock Exchange ("TSX").
Cronos Group expects that its common shares will begin trading
on TSX on May 23, 2018 and will continue to trade under the trading ticker symbol "CRON." Cronos Group will retain its
listing on the Nasdaq Global Market under the symbol "CRON."
"The up listing to TSX is a reflection of the growth
and progress we have made globally and within the Canadian market," said Mike Gorenstein, CEO of Cronos Group. "We believe
this is a continuation of our mission in creating long term shareholder value, liquidity, and a diverse shareholder base."
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 Project Inc., which was the first non-incumbent medical cannabis license granted by Health
Canada, and Original BC Ltd., which is based in the Okanagan Valley, British Columbia. The Company has multiple international
production and distribution platforms including in Germany, Israel and Australia. The Company intends to continue to rapidly
expand its global footprint as it focuses on building an international iconic brand portfolio and develop 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. In some cases, forward-looking statements can be identified by words or phrases
such as "may", "will", "expect", "plan", "anticipate", "intend", "potential",
"estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking
statements. Some of the forward-looking statements contained in this press release, include the Company's intention to continue
to rapidly expand its global footprint, build an international iconic brand portfolio and develop disruptive intellectual property.
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. A discussion of some of the material risks applicable to the Company can be found in the Company's
current MD&A and Annual Information Form, both of which have been filed on SEDAR and can be accessed at www.sedar.com. The
forward-looking information included in this news release is made as of the date of this news release and, 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
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SOURCE Cronos Group Inc.
View original content with multimedia: http://www.newswire.ca/en/releases/archive/May2018/22/c4910.html
For further information: Anna Shlimak, Investor Relations,
Tel: (416) 504-0004, investor.relations@thecronosgroup.com
CO: Cronos Group Inc.
CNW 08:00e 22-MAY-18