Cronos Group (CRON) Announces Expansion of GrowCo
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Cronos Group Announces Expansion of GrowCo to Fuel Global Growth
June 20, 2024 8:12 AM EDTTORONTO, June 20, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (Cronos or the Company), an innovative global cannabinoid company, announced an expansion of Cronos Growing Company (GrowCo). GrowCo is a leading cannabis cultivation company that Cronos owns 50% of. The investment will be funded by an additional credit facility provided by Cronos and is intended to assist GrowCos expansion of its purpose-built cannabis facility to address the increased global market demand for high-quality cannabis flower.
Key Highlights of the Investment:
Investment... More