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."
About Cronos Group
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 of this release.
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SOURCE Cronos Group Inc.