Peace Naturals Receives Dealer’s License Allowing for the Exportation of New Product Categories
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.
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.
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