TORONTO, Jan. 22, 2018
/CNW/ - Cronos Group Inc. (TSXV: MJN) (OTC – Nasdaq Int'l
Designation: PRMCF) ("Cronos Group" or the "Company") is pleased to
announce that Peace Naturals Project Inc. ("Peace"), a licensed
producer wholly owned by the Company, has just obtained a Dealer's
License pursuant to the Controlled Drugs and Substances Act
under Health Canada. This enables the Company to, through Peace,
export medical cannabis extracts, including concentrated oil and
resin products, internationally.
"Cronos is focused on having a presence in all major
international markets as the regulatory environment evolves. This
Dealer's License will enable us to expand the product offerings we
export to these jurisdictions, which is instrumental to our global
expansion strategy," said Mike
Gorenstein, CEO of Cronos.
About Cronos Group
Cronos Group is a geographically diversified and vertically
integrated cannabis company that operates two wholly-owned Licensed
Producers ("LPs") regulated within Health Canada's Access to
Cannabis for Medical Purposes Regulations (the "ACMPR") and holds a
portfolio of minority investments in other Licensed Producers. The
Company's flagship LPs, Peace Naturals Project Inc. (Ontario) and Original BC Ltd. (British Columbia), are collectively situated
on over 125 acres of agricultural, licensed land. Cronos Group is
focused on building an international iconic brand portfolio,
providing patients with personalized care and creating value for
our shareholders.
Forward-looking statements
This news release may contain "forward-looking information" and
"forward-looking statements" within the meaning of applicable
Canadian securities legislation. 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. 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. This news release contains information
obtained by Cronos Group from third parties. Cronos Group believes
such information to be accurate but has not independently verified
such information.
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 more information, please visit
www.thecronosgroup.com.
SOURCE Cronos Group Inc.