Cronos Group Offers Bi-Weekly MCTO Standing Replace

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TORONTO, Feb. 11, 2022 (GLOBE NEWSWIRE) — Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Firm”) is offering a default standing report in accordance with the choice data pointers set out in Nationwide Coverage 12-203 – Administration Stop Commerce Orders (“NP 12-203”).

On November 9, 2021, the Firm introduced that it utilized for a administration stop commerce order (“MCTO”) with the relevant securities regulatory authorities in Canada on the premise that the Firm could be unable to file its Quarterly Report on Type 10-Q for the interval ended September 30, 2021 (the “Type 10-Q”) with the U.S. Securities and Alternate Fee (the “SEC”), along with its corresponding quarterly filings in Canada (collectively, the “Required Filings”), by the relevant submitting deadlines (the “Authentic Announcement”). The MCTO was issued on November 16, 2021 and restricts all buying and selling in securities of the Firm, whether or not direct or oblique, by the Chief Government Officer and Chief Monetary Officer of the Firm till two full enterprise days following the submitting of the Required Filings and the MCTO has been revoked. The MCTO doesn’t have an effect on the power of different shareholders of the Firm to commerce their securities.

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The Firm’s administration continues to work diligently to finish the Required Filings and, as beforehand disclosed by the Firm on January 28, 2022, anticipates, however can’t guarantee, that the Required Filings might be filed by February 18, 2022.

The Firm confirms that for the reason that date of the Authentic Announcement: (i) aside from as described above, there was no materials change to the knowledge set out within the Authentic Announcement that has not been typically disclosed; (ii) there was no failure by the Firm in fulfilling its acknowledged intentions with respect to satisfying the provisions of the choice data pointers set out in NP 12-203; (iii) there has not been every other specified default by the Firm below NP 12-203; and (iv) there isn’t any different materials data regarding the affairs of the Firm that has not been typically disclosed.

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The Firm confirms it can proceed to fulfill the provisions of the choice data pointers set out in NP 12-203 as long as it stays in default of the requirement to file the Required Filings.

About Cronos Group Inc.
Cronos Group is an modern world cannabinoid firm with worldwide manufacturing and distribution throughout 5 continents. Cronos Group is dedicated to constructing disruptive mental property by advancing hashish analysis, expertise and product improvement. With a ardour to responsibly elevate the patron expertise, Cronos Group is constructing an iconic model portfolio. Cronos Group’s portfolio consists of PEACE NATURALS™, a world wellness platform, two adult-use manufacturers, COVE™ and Spinach™, and three U.S. hemp-derived CBD manufacturers, Lord Jones™, Joyful Dance™ and PEACE+™. For extra details about Cronos Group and its manufacturers, please go to: thecronosgroup.com.

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Ahead-Wanting Statements
This information launch comprises “forward-looking data” and “forward-looking statements” throughout the that means of relevant Canadian and U.S. securities legal guidelines (collectively, “Ahead-looking Statements”). All data contained herein that isn’t clearly historic in nature might represent Ahead-looking Statements. A few of the Ahead-looking Statements contained on this press launch embody the length of the MCTO and the Firm’s means to finish the Required Filings and proceed to fulfill the knowledge pointers set out in NP 12-203. Ahead-looking Statements are essentially based mostly upon quite a few estimates and assumptions that, whereas thought-about affordable by administration, are inherently topic to important enterprise, financial and aggressive dangers, uncertainties and contingencies which will trigger the precise submitting time of the Required Filings to be materially completely different from the estimated future submitting time or forestall us from complying with the necessities of NP 12-203 and the Ahead-looking Statements will not be ensures of future efficiency. A dialogue of a few of the materials dangers relevant to the Firm might be discovered within the Firm’s Annual Report on Type 10-Ok for the 12 months ended December 31, 2020, the Firm’s Quarterly Report on Type 10-Q for the interval ended March 31, 2021 and the Firm’s Quarterly Report on Type 10-Q for the interval ended June 30, 2021, every of which have been filed on SEDAR and EDGAR and might be accessed at www.sedar.com and www.sec.gov/edgar, respectively. Any Ahead-looking Assertion included on this press launch is made as of the date of this press launch and, besides as required by legislation, Cronos Group disclaims any obligation to replace or revise any Ahead-looking Assertion. Readers are cautioned to not put undue reliance on any Ahead-looking Assertion.

Cronos Group Contact
Shayne Laidlaw
Investor Relations
Tel: (416) 504-0004
Investor.relations@thecronosgroup.com

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