Cronos Group Inc. Announces $15MM Bought Deal

Cronos Group Inc(TSX.V: MJN)

Cronos Group Inc. is pleased to announce that it has entered into a letter of engagement with PI Financial Corp. as sole lead underwriter. PI has agreed to purchase for re-sale 4,761,905 common shares of the Company, on a bought deal basis pursuant to the filing of a short form prospectus, subject to all required regulatory approvals, at a price per Share of $3.15, for total gross proceeds of $15,000,000.75.

The Company will grant PI an option to increase the size of the Offering by up to 15% of the initial Offering size or 714,285 additional Shares unless the Offering size is increased in which case the Over-Allotment Option will be 15% of the increased Offering.  The Over-Allotment Option may be exercised in whole or in part by written notice to the Company at any time up to 30 days following the Closing Date.

The Company intends to use the net proceeds of the Offering for general corporate purposes, to fund growth and to provide for possible future acquisitions.

The closing date of the Offering is scheduled to be on or about November 14, 2017.