FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

GORENSTEIN MICHAEL RYAN
2. Issuer Name and Ticker or Trading Symbol

Cronos Group Inc. [ CRON ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Executive Chairman
(Last)          (First)          (Middle)

111 PETER STREET, SUITE 300
3. Date of Earliest Transaction (MM/DD/YYYY)

3/16/2021
(Street)

TORONTO, A6 M5V 2H1
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
COMMON SHARES 3/16/2021  M  437500 A$1.9391 (1)8870036 D  
COMMON SHARES 3/16/2021  F(2)  175178 D$10.6974 (3)8694858 D  
COMMON SHARES 3/16/2021  M  1272916 A$2.5161 (4)9967774 D  
COMMON SHARES 3/16/2021  F(5)  559960 D$10.6974 (3)9407814 D  
COMMON SHARES 3/16/2021  M  103125 A$6.0658 (6)9510939 D  
COMMON SHARES 3/16/2021  F(7)  70427 D$10.6974 (3)9440512 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
COMMON SHARE OPTION (right to buy) $1.9391 (1)3/16/2021  M     437500   (8)8/24/2022 COMMON SHARES 437500.0 $0 62500 D  
COMMON SHARE OPTION (right to buy) $2.5161 (4)3/16/2021  M     1272916   (9)4/12/2022 COMMON SHARES 1272916.0 $0 27084 D  
COMMON SHARE OPTION (right to buy) $6.0658 (6)3/16/2021  M     103125   (10)5/17/2023 COMMON SHARES 103125.0 $0 46875 D  

Explanation of Responses:
(1) The price reported was converted from the Canadian exercise price of C$2.42 to U.S. dollars using an exchange rate of C$1.00 to US$0.8013 as reported by Bloomberg as of March 15, 2021.
(2) Cronos Group Inc. (the "Company") withheld 175,178 common shares underlying the options for payment of the exercise price and to cover applicable withholding taxes, using the closing price of the Company's common shares on March 15, 2021 of C$13.35 as reported on the Toronto Stock Exchange.
(3) The price reported is in U.S. dollars based on the exchange rate of C$1.00 to US$0.8013 as reported by Bloomberg as of March 15, 2021.
(4) The price reported was converted from the Canadian exercise price of C$3.14 to U.S. dollars using an exchange rate of C$1.00 to US$0.8013 as reported by Bloomberg as of March 15, 2021.
(5) The Company withheld 559,960 common shares underlying the options for payment of the exercise price and to cover applicable withholding taxes, using the closing price of the Company's common shares on March 15, 2021 of C$13.35 as reported on the Toronto Stock Exchange.
(6) The price reported was converted from the Canadian exercise price of C$7.57 to U.S. dollars using an exchange rate of C$1.00 to US$0.8013 as reported by Bloomberg as of March 15, 2021.
(7) The Company withheld 70,427 common shares underlying the options for payment of the exercise price and to cover applicable withholding taxes, using the closing price of the Company's common shares on March 15, 2021 of C$13.35 as reported on the Toronto Stock Exchange.
(8) The options were granted August 24, 2017 and vest in monthly installments over a four-year period.
(9) The options were granted April 12, 2017 and vest in monthly installments over a four-year period.
(10) The options were granted May 17, 2018 and vest in monthly installments over a four-year period.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
GORENSTEIN MICHAEL RYAN
111 PETER STREET, SUITE 300
TORONTO, A6 M5V 2H1
X
Executive Chairman

Signatures
/s/ Eileen Uy, as attorney-in-fact for Michael R. Gorenstein3/18/2021
**Signature of Reporting PersonDate

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