Cronos ups GrowCo credit by C$70M to C$175M, secures supply rights for Phase 2

Cronos Group Inc.

Credit Agreement adds C$70M Term Loan B for Phase 2 cannabis facility; total facility now C$175M.
Term Loan A (C$105M) matures March 2031 at Prime+1.25%; Term Loan B matures 10 yrs after Phase 2 cultivation start.
Supply Agreement gives Cronos right to purchase 70-80% of GrowCo output at fixed prices for 4-year term.
Effective July 1, 2024, GrowCo board expands to 5 members; Cronos appoints 3, will consolidate results from Q3 2024.

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