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Tag Archives: CRON

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Cronos Group Inc. Exits Investment in Whistler Medical Marijuana Corporation

Cronos Group Inc. Exits Investment in Whistler Medical Marijuana Corporation
March 04, 2019 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”), confirmed today that it has sold all of its common shares in the capital of Whistler Medical Marijuana Corporation ("Whistler"), representing approximately 19 percent of Whistler’s issued and outstanding common shares, to Aurora Cannabis Inc. (“Aurora”) for a total purchase price of approximately C$175 million, payable by the issuance of common shares in the capital of Aurora (“Aurora Common Shares”), and subject to certain working capital adjustments and holdbacks (the “Transaction”).
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Cronos Group Inc. Announces C$2.4 Billion Strategic Investment from Altria Group, Inc.

Cronos Group Inc. Announces C$2.4 Billion Strategic Investment from Altria Group, Inc.
Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) ("Cronos Group" or the "Company") today announced that it has entered into a subscription agreement (the "Subscription Agreement") with Altria Group, Inc. (NYSE: MO) ("Altria") pursuant to which Altria has agreed to make an approximately C$2.4 billion equity investment in Cronos Group (the "Transaction") on a private placement basis in exchange for common shares in the capital of the Company (the "Shares").
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