TORONTO, Oct. 17, 2018 /PRNewswire/ - Today, Canada became the first G7 country and the
second country in the world to legalize cannabis sales for adult
recreational use. Founded to build industry leading companies
that transform the perception of cannabis and responsibly elevate
the consumer experience, Cronos Group Inc. (NASDAQ:
CRON) (TSX: CRON) ("Cronos Group" or the
"Company") CEO Mike
Gorenstein issued the following statement:
"This is a defining moment that sets the foundation for all
participants in the cannabis industry, both in Canada and as markets open around the world.
Congratulations to the many leaders and advocates who worked
so hard to achieve this milestone.
At Cronos, we take pride in leading the industry forward
responsibly and are motivated to create meaningful products that
excite our consumers and bring happiness and an improved quality of
life. The growth potential in the cannabis industry is vast
and extends well beyond the flower. With our differentiated
brands, global footprint, growing production capacity and
commitment to cannabinoid innovation, Cronos is well positioned to
realize this opportunity.
As we work to transform what was once just an idea into reality,
we thank our employees, our partners and our shareholders for their
support. We look forward with enthusiasm and a focus on delivering
results for all of our stakeholders."
About Cronos Group
Cronos Group is a globally
diversified and vertically integrated cannabis company with a
presence across five continents. Cronos Group operates two
wholly-owned Canadian licensed producers: 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. Cronos Group has
multiple international production and distribution platforms across
five continents. Cronos Group intends to continue to rapidly expand
its global footprint as it focuses on building an international
iconic brand portfolio and developing 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, grow its production capacity, 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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/canada-makes-history-and-cronos-group-inc-looks-forward-with-enthusiasm-300732873.html
SOURCE Cronos Group Inc.