2017-12-08 20:21 ET - Prospectus Approved

Effective Nov. 8, 2017, Cronos Group Inc.'s short form prospectus dated Nov. 3, 2017, was filed with and accepted by the TSX Venture Exchange, and effective Nov. 3, 2017, was filed with and receipted by the British Columbia, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, Ontario, and Newfoundland and Labrador securities commissions, pursuant to the provisions of the securities acts.

The TSX-V has been advised that closing occurred on Nov. 8, 2017, for gross proceeds of $17,249,998.50 (including $2,249,997.75 of the full overallotment option exercised to date).

Underwriters: PI Financial Corp., as lead underwriter, on behalf of a syndicate of underwriters

Offering: 5,476,190 shares

Price: $3.15

Underwriters' fee: $1,034,999.91

Overallotment option: The underwriters were granted an overallotment option of the shares in connection with this offering. The underwriters were granted an option to arrange for the sale of up to an additional 714,285 common shares (being 15 per cent of that number of shares sold pursuant to the offering), at any time up to 30 days after the closing of the offering. The above noted underwriters' fee is also applicable to the overallotment option.