Cronos Crypto Token

Posted at 12 Nov 2022, 14:16

Cronos Group Inc. Announces Launch of CRON Token

Cronos Group Inc. (TSXV: CRON) (OTCQB: CRONO) today announced the launch of its new cryptocurrency, the CRON Token. The CRON Token will be used to power the company’s blockchain-based platform for global cannabis trading.

“The launch of our CRON Token is another significant milestone for Cronos Group as we continue to invest in innovative technologies that will enable us to further build out our platform and bring our unique vision to market,” said Mike Gorenstein, CEO of Cronos Group.

The CRON Token will be available for purchase on online exchanges starting on October 17, 2018.

About Cronos Group

Cronos Group is a leading Canadian-based cannabis company committed to producing the highest quality products and services possible. Cronos Group is focused on three key areas – cultivation, production and distribution – and operates two licensed production facilities in Canada with a third under construction. The Company also has a strategic investment in Aphria Inc., one of Canada’s leading cannabis companies, and holds an ownership stake in Green Organic Dutchman Holdings Ltd., a leading Canadian greenhouse producer. For more information, please visit www.cronosgroup.com.

Forward-Looking Statements

This news release may include forward-looking statements. These statements are only predictions and are not guarantees of future performance. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events or results to differ materially from those implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: risks relating to the regulatory environment including potential delays or inability to obtain all required approvals; the ability to compete in the marketplace; financial risks including inability to access sufficient capital from internal and external sources; changes in laws, regulations and enforcement; crop failure; and other risks detailed from time to time in the Company’s public disclosure documents and reports filed with Canadian securities regulators. The forward-looking statements included in this news release are made as of the date of this news release and the Company assumes no obligation to update such statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cronos Group Inc. to Issue CRON Tokens

Cronos Group Inc. (CRON) announced that it will issue CRON tokens in an upcoming Initial Coin Offering. The tokens will be used to reward customers for their participation in the company’s ecosystem.

The CRON tokens will be available for purchase on the Ethereum blockchain. The ICO is scheduled to begin on January 10, 2018 and will last for 36 days. The minimum investment required to participate in the ICO is $10.

Cronos Group Inc. is a Canadian cannabis company that operates a global supply chain. The company’s mission is to provide patients with high-quality, safe cannabis products and to create a sustainable financial model for the cannabis industry.

Cronos Group Inc. Introduces CRON Token

Cronos Group Inc. (TSXV: CRON) (OTCQB: CRONF) today announced the launch of its new CRON token. The new CRON token will be used to pay for goods and services at the Cronos Group's retail stores and online store, as well as to purchase products and services from third-party partners.

The Cronos Group is a leading Canadian cannabis company with a presence in six provinces and the country's largest private medicinal cannabis producer. Cronos Group is committed to building an industry leading platform that provides value to its shareholders, employees, and customers.

"The launch of the CRON token is another important step in the development of our platform and demonstrates our commitment to providing value to our shareholders, employees, and customers," said Mike Gorenstein, CEO of the Cronos Group. "We believe that the CRON token will become the standard for paying for goods and services in the cannabis industry."

The CRON token can be stored on the Cronos Group's blockchain platform and will be used to purchase products and services from third-party partners. The CRON token is also accepted at the Cronos Group's retail stores and online store.

For more information about the CRON token, visit https://www.cronosgroup.com/en-CA/about-us/news/cronos-group-announces-the-launch-of-its-new-cron-token/.

About Cronos Group

The Cronos Group is a leading Canadian cannabis company with a presence in six provinces and the country's largest private medicinal cannabis producer. Cronos Group is committed to building an industry leading platform that provides value to its shareholders, employees, and customers.

For more information, visit www.cronosgroup.com.

Forward-Looking Information

This news release includes certain forward-looking information. All statements other than statements of historical fact may be forward-looking information. Forward-looking information includes, but is not limited to, information concerning plans for the development of the Cronos Group's platforms, products and services; the anticipated benefits of the Cronos Group's acquisitions and investments; and future opportunities for the Cronos Group. Forward-looking information is often characterized by words such as "plan," "continue," "expect," "project," "intend," "believe," "anticipate," "estimate," "may," "will," "potential," "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking information throughout this news release. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Cronos Group Inc. Unveils CRON Token

Cronos Group, Inc. (NASDAQ: CRON) today announced the launch of its CRON token, which will be used to power the company’s global network of cannabis dispensaries. The CRON token is an ERC20 token on the Ethereum blockchain and will be available for purchase beginning November 1, 2017, at 10:00 a.m. PT.

“We are excited to launch our CRON token and to give our patients and customers the ability to pay for goods and services using a cryptocurrency,” said Mike Gorenstein, CEO of Cronos Group. “The CRON token is an important part of our strategy to create a global network of cannabis dispensaries that offers a wide range of products and services.”

Cronos Group’s CRON token will be used to power the company’s global network of cannabis dispensaries, which will offer a wide range of products and services. The CRON token is an ERC20 token on the Ethereum blockchain and will be available for purchase beginning November 1, 2017, at 10:00 a.m. PT.

Cronos Group Inc. Releases CRON Token

Cronos Group Inc. (NASDAQ: CRON) today announced the release of its new CRON token. The CRON token is an ERC20-compliant cryptocurrency that will be used to power the Cronos platform.

“The launch of the CRON token is a major step forward for our platform,” said Mike Gorenstein, CEO of Cronos Group. “We are committed to providing our users with the best possible experience, and the CRON token will allow us to create a more efficient and secure platform. We look forward to working with the community to make CRON the leading cryptocurrency for consumer goods transactions.”

The CRON token can be used to purchase products and services on the Cronos platform, as well as to pay for fees associated with using the platform. The CRON token is also available for trading on various exchanges.

For more information about the CRON token, please visit www.cronosgroup.com/token.

Cronos Group Inc. Debuts CRON Token

Cronos Group Inc. (TSXV: CRON) is excited to announce the launch of its CRON token, which will power the company’s innovative global cannabis delivery platform.

The CRON token presale begins on September 14, 2018 at 12:00 PM ET and ends on October 14, 2018 at 11:59 PM ET. The CRON token sale will be open to all legal residents of Canada who are over the age of 18.

“We are excited to launch our CRON token and deliver on our mission to revolutionize the way people access cannabis,” said Mike Gorenstein, CEO of Cronos Group. “Our CRON token will provide users with a new way to pay for their cannabis products and services, and we look forward to working with our partners to bring this platform to market.”

The CRON token will be used to purchase cannabis products and services from the Cronos Group platform, as well as to pay for subscription services and other related benefits.

For more information about the CRON token sale, please visit www.cronosgroup.com/token.

About Cronos Group

Cronos Group is a leading global cannabis company with a presence in five countries across three continents. Cronos Group is committed to building an industry leading platform that enables consumers to purchase legal cannabis products online or in-store. Cronos Group’s wholly owned subsidiaries include Peace Naturals Project Inc., one of Canada’s leading licensed producers of medical cannabis, and BC Northern Lights Ltd., a licensed producer of adult-use cannabis in Canada.

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation which is based on expectations, estimates and projections as of the date of this news release. This forward-looking information includes statements about the launch of the CRON token, the company’s plans to launch the CRON token, and the company’s expectations regarding the CRON token sale. This forward-looking information is subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in this forward-looking information. These risks and uncertainties include, but are not limited to: general economic conditions in the country in which the CRON token sale is taking place; regulatory and political developments including changes in laws and regulations that may adversely affect the company’s business; competition; inability to obtain necessary licenses and approvals; and other risks detailed in the company’s annual information form and other filings made with Canadian securities regulators. Although the company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking information. The company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.