Business
Cronos Group Announces Launch of Cronos Australia with Grant of Two Licenses
Cronos Group Announces Launch of Cronos Australia with Grant of Two Licenses Canad...
About this update from Cronos Group Inc
[{"type":"text","content":"\n\n\n\nCronos Group Announces Launch of Cronos Australia with Grant of Two Licenses\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Feb. 5, 2018\n\n\n\nTORONTO, Feb. 5, 2018 /CNW/ - Cronos Group Inc. (TSX-V: MJN) (OTC Nasdaq Int'l Designation: PRMCF) (the \"Group\" or the \"Company\") is pleased to announce the launch of Cronos Australia Pty Ltd. (\"Cronos Australia\") and the grant of medicinal cannabis cultivation and research licenses.\n\n\n \n \n\n \n\"The launch of Cronos Australia as our newest international hub marks an important milestone for the Company.  Cronos is focused on providing pharmaceutical grade medicine to patients in need, and we are excited that our Australian team shares this vision and commitment,\" says Mike Gorenstein, CEO of Cronos Group.\n\nCronos Australia is a 50/50 joint venture between the Group and NewSouthern Capital Pty Ltd, led by Mr. Rodney Cocks and Mr. Peter Righetti.  Cronos Australia will serve as the Group's hub for Australia, New Zealand, and South East Asia, bolstering the Group's import/export supply capabilities and distribution network.  Cronos Australia will leverage the Group's intellectual property and iconic brands to deliver premium cannabinoid based products to Australasia. \n\nRodney Cocks, Chief Executive Officer & Director\n\nBefore founding Cronos Australia, Rodney was a consultant with The Boston Consulting Group, later taking up a senior role at an Australian multinational before co-founding NewSouthern Capital.  He heads up the capital raising and portfolio company teams at NewSouthern, and sits on the investment, audit and risk committee for the company.  As a graduate of the Royal Military College, Duntroon, Rodney commenced his career as an Australian Army infantry officer and was also a senior member of the UK Government's Counter Narcotics team at The British Embassy in Kabul, which was responsible for targeting the massive opium and cannabis cultivation and trafficking issue in Afghanistan.  Rodney holds a Bachelor of Commerce, Bache...