CRON News & Events

Cronos Group announced that it has appointed ATB Capital Markets to act as its broker in connection with share repurchases over the facilities of the TSX or other alternative Canadian trading systems, in place of Virtu Canada, under its previously announced share repurchase program.

Cronos Group announced that it has filed with the Toronto Stock Exchange and the TSX has accepted, the company's notice of intention to make a normal course issuer bid. As previously announced by Cronos, the Company's board approved a share repurchase program on May 8, which commenced on May 14 and is expected to terminate on May 13, 2027, unless earlier terminated.

Reports Q1 revenue $45.21M vs. $32.26M last year. "Cronos delivered record net revenue and gross profit in the first quarter, as we continue to execute against our borderless products strategy and as additional supply from the expansion at Cronos GrowCo fuels our next phase of growth. Cronos Israel delivered another record quarter, further cementing PEACE NATURALS as the #1 cannabis brand in the country. In other international markets, we achieved record quarterly net revenue, and we continue to see robust growth potential for our products in Europe. In Canada, the Spinach brand claimed the #1 position in vapes for the first time, while maintaining its outstanding #1 ranking in edibles,1 a testament to the strength of our brand portfolio and our innovation platform," said Mike Gorenstein, Chairman, President and CEO of Cronos.