Cronos terminates sale-leaseback of Peace Naturals Campus after buyer fails condition

Cronos Group Inc.

Agreement terminated May 28, 2024; Future Farmco Canada did not satisfy due diligence/financing condition by May 27 deadline.
Security deposit held in trust returned to buyer per agreement terms.
Company evaluating strategic options for Peace Naturals Campus, including continuing or expanding operations.
Property is located in Stayner, Ontario at 4491 Concession 12 Sunnidale Road.

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