Cronos Group Inc. Announces Results of 2020 Annual and Special Meeting of Shareholders

TORONTO, June 25, 2020 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) announces that at its Annual and Special Meeting of Shareholders held earlier today (the “Meeting”) there were 652 shareholders voting in person or by proxy holding in total 195,124,634 common shares of the Company, representing 55.94% of the total number of common shares of the Company outstanding.

Each of the directors listed as a nominee in the Company’s proxy statement dated April 28, 2020 (the “Proxy Statement”) was elected as a director of the Company, with each director receiving in excess of 97.10% of the votes cast in favor of his or her election. The detailed results of the vote for the election of directors are as follows:

Name of Director	Number of Shares Voted For	Percentage of Shares Voted For		Number of Shares Withheld from Voting	Percentage of Shares Withheld from Voting
Jason Adler	193,354,556	99.09%		1,770,053	0.91%
Jody Begley	193,856,442	99.35%		1,268,167	0.65%
Bronwen Evans	194,087,328	99.47%		1,037,281	0.53%
Murray R. Garnick	193,889,048	99.37%		1,235,561	0.63%
Michael Gorenstein	189,608,226	97.17%		5,516,383	2.83%
Heather Newman	193,842,513	99.34%		1,282,096	0.66%
James Rudyk	193,366,045	99.10%		1,758,564	0.90%

The Company also announced today that the shareholders have approved a special resolution authorizing the Company to make an application for the continuance of the Company from the laws of the Province of Ontario to the laws of the Province of British Columbia, as further described in the Proxy Statement (the “Continuance”). The Company believes the greater flexibility afforded by the British Columbia corporate statute by virtue of the absence of a Canadian residency requirement for members of the board of directors of the Company (the “Board”) will allow the Company to consider Board candidates from a larger pool of candidates to ensure the Board maintains the right composition, skills, expertise and diversity to drive long-term value. The completion of the Continuance remains subject to the satisfaction of the conditions described in the Proxy Statement.