Cronos Group, Inc. engages in the production and distribution of cannabis. Its brands include PEACE NATURALS, COVE, Spinach, Lord Jones, and PEACE+. The company was founded by Lorne Michael Gertner and Paul Rosen on August 21, 2012 and is headquartered in Toronto, Canada.

Who is Cronos owned by?

In exchange for its $1.8 billion, Altria received a 45% equity stake in Cronos at a price of C$16.25 per share. It also received warrants to take this stake up to 55% ownership.

How much of Cronos does Altria own?

Altria spent $1.8 billion in December 2018 for a 45 percent stake in Cronos Group, one of the first major multinational cannabis firms based in Canada. Since then, Altria has moved on multiple fronts to protect its investment.