Friday , May 7 2021

The Kronos Group confirms discussions about potential investments by the Altria Group



For Kronos
Cronos Group is a globally diversified and vertically integrated cannabis company with the presence of five continents. Cronos Group operates with two fully licensed Canadian licensed producers: Peace Naturals Project Inc., which was the first non-current medical cannabis license granted by Health Canada and Original BC Ltd., located in the Okanagan Valley, British Columbia. Cronos Group has several international platforms for production and distribution on five continents. The Cronos Group intends to continue to expand its global influence rapidly, as it focuses on building an international portfolio of branded brands and the development of non-smuggling intellectual property. The Kronos Group is committed to leading construction companies that transform the perception of cannabis and responsibly raise consumer experience.

Statements for the future
This news release contains "information about the future" and "a statement of the future" within the meaning of the applicable securities laws (collectively, a "statement of progress"). All statements contained here, which are not clearly historical in nature, may contain progressive statements. In some cases, progress statements can be identified by words or phrases such as "can," "will," "expect," "likely," "need," "bi," "plan," " , "potential", "proposed," "estimated," "trusted" or negatively from these terms, or other similar words, expressions and grammatical variations thereof, or stated that certain events or conditions "may" or "occur, or with discussion of strategy. Authoritative statements include assessments, plans, expectations, opinions, forecasts, projections, goals, directions, or other statements that are not statements of historical facts. Progress reports are provided in order to help the reader to understand our financial performance, financial position and cash flows as well as the periods ending at specific dates and to present information on current management expectations and plans related to the future and the reader are warned that such information may not be appropriate for any other purpose. Some of the future-related statements contained in this press release include, but are not limited to, statements about: Potential venture by Altria Group in the Cronos Group, continued discussions with Altria Group regarding potential investment in , or another transaction with, Cronos Group, whether any discussions between the statements of Altria Group and Cronos Group will lead to an investment or other transaction involving companies, our business and operations, our strategy for future growth, the expansion of our global impact, including its duration, the intention to build an international portfolio of brands and branded nonsmokers to develop intellectual property and our ability to build a leading company in the industry that transformed the perception of cannabis and responsibly raises the experience of consumers. A progress statement can not be guaranteed and the Cronos Group can not guarantee the future statements contained herein. In particular, Kronos can not guarantee that discussions with Altria Group regarding potential investments in the Kronos Group will continue or, if such discussions continue, whether such discussions will lead to an investment or other transaction involving the companies or, if such discussions are successful , the terms and the time of each such transaction. Statements relating to the future are based on certain material assumptions that have been applied in drawing a conclusion or making a forecast or projection, including the management's perceptions of historical trends, current conditions, and expected future events, as well as other considerations that are believed to be are appropriate circumstances. While we think that these assumptions are reasonable based on the information currently available to management, there is no guarantee that such expectations will prove to be accurate. According to their nature, progress statements are the subject of inherent risks and uncertainties that may be general or specific and leading to the possibility that expectations, predictions, predictions, projections or conclusions will not prove to be accurate, these assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. Various factors, including known and unknown risks, many of which are beyond our control, could give real results materially to differ from the statements pending in this press release. Such factors include, without limitation, those discussed in the current MD & A and Annual Information Form of the company, both submitted to SEDAR and can be accessed at www.sedar.com. Readers are warned to carefully review these and other factors, uncertainties and potential events carefully and not put undue reliance on progressive statements. Statements relating to further statements contained herein are made from the date of this press release and are based on the beliefs, estimates, expectations and opinions of management on the date when such progressive statements were made. The Company undertakes no obligation to update or revise any progressive statements, whether as a result of new information, estimates or opinions, future events or results or otherwise, or explain any material differences between successive events and such statements for an announcement, except as required by applicable law.

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SOURCE Cronos Group Inc.

For more information: Anna Shlimak, (416) 504-0004, [email protected]

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Cronos Group Inc.

Cronos Group is a globally diversified and vertically integrated cannabis company with the presence of four continents. The company operates two fully Canadian licensed producers regulated under Canadian Canadian Health Canadian Access Agreement for medical purposes: Peace Naturals Project Inc. (Ontario), which was the first non-current medical cannabis license granted by …




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