Cronos Group Issues Statement on Separately Announced IPO of Cronos Australia

Mike Gorenstein, Cronos Group’s Chairman, President and Chief Executive Officer, said, “We are excited by this offering, which enables Cronos Group to unlock value for our stakeholders while also continuing to participate in Cronos Australia’s growth as they work to become the market leader for medicinal cannabis in the Asia-Pacific region.”

Interesting press release about an IPO that Cronos Group is involved in. Boy, Cronos and the entire cannabis sector could use some good news to stop the bleeding of their stock prices. Unfortunately this is not going to be the news that saves the market. Good to see progress but nothing to make people want to jump into this boiling water that's the cannabis market right now.

Read the full press release here.....
https://finance.yahoo.com/news/cronos-group-issues-statement-separately-123000299.html