Cronos Group Inc. (NASDAQ: CRON) (TSX.V: MJN) Becomes First Canadian Cannabis Producer to be Traded on a Major US Exchange

  • Analysts call the listing a milestone for both Cronos Group and the entire cannabis industry
  • Michael Gorenstein, CEO of Cronos Group, said that the company is the only ‘pure play’ marijuana company to be traded on a U.S. exchange
  • Company has holdings or is involved in joint ventures in Canada, Germany, Israel and Australia

Cronos Group Inc. (NASDAQ: CRON) (TSX.V: MJN), a Toronto-based medical marijuana company, recently began trading on the Nasdaq, uplisting from the Nasdaq International Designation program as an OTC stock to the Nasdaq Global Market and becoming the first Canadian cannabis producer stock to be listed on a major U.S. exchange. Michael Gorenstein, CEO and president of Cronos Group, told CNN, “We’re the only pure play marijuana company,” to be traded on a U.S. exchange (http://cnw.fm/grBX3).

CNN added that the listing was a milestone for both Cronos Group and the entire cannabis industry. Gorenstein said that the company is already exporting marijuana to Germany. It is also building facilities to grow cannabis in…

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