Cronos Group Announces Streamlined Operating Structure to Improve Cash Flow - Seite 2
“We're looking forward to continuing the legacy and reputation of the Lord Jones brand by bringing it across the border to Canada,” said Jeff Jacobson, Chief Growth Officer, Cronos. “The Lord Jones brand will offer high-quality, differentiated adult-use products, elevating the consumer experience through its original and unique brand proposition.”
Cronos’ adult-use brand, Spinach, is currently the number-3 ranked cannabis brand in Canada and is currently the only cannabis brand in Canada that is top-10 in all categories it participates in, which includes the number-1 ranking in the gummies category, during the first quarter of 2023 according to HiFyre data. Cronos looks forward to utilizing its brand-building strength across both the Spinach and Lord Jones brands in Canada.
About Cronos
Cronos is an innovative global cannabinoid company committed to building disruptive intellectual property by advancing cannabis research, technology and product
development. With a passion to responsibly elevate the consumer experience, Cronos is building an iconic brand portfolio. Cronos’ diverse international brand portfolio includes Spinach, PEACE
NATURALS and Lord Jones. For more information about Cronos and its brands, please visit: thecronosgroup.com.
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Forward-looking Statements
This press release may contain information that may constitute “forward-looking information” or “forward-looking statements” within the meaning of
applicable Canadian and U.S. securities laws and court decisions (collectively, “Forward-looking Statements”). All information contained herein that is not clearly historical in nature may
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contained in this press release include statements regarding Cronos’ operations and business prospects in certain countries and regions, Cronos’ ability to improve cash flow, the expected charges
and costs of exiting the U.S. business, Cronos’ ability to continue to build a portfolio of products across Canada, expectations around the launch of the Lord Jones brand in Canada, expected cost
savings and potential changes in regulatory conditions in the U.S., and Cronos’ ability to directly enter the U.S. THC market when such changes occur. Forward-looking Statements are necessarily
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the material risks applicable to the Company can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, and quarterly report on Form 10-Q for the quarter ended
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