Market News

Cronos Unveils its New CBC Product: Spinach FEELZ Day Trip Gummies With THC+CBC

Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) ("Cronos"), an innovative global cannabinoid company, today announced the launch of a CBC-focused product, the Spinach FEELZ™ THC+CBC Day Trip Mango Lime gummies, utilizing Ginkgo Bioworks' platform for organism design and development.

The Spinach FEELZ™ Day Trip gummies are the first CBC gummy product in Canada and the first of its kind to feature a 3:1 ratio of CBC to THC. The product is currently available in Alberta and British Columbia and will be rolled out to additional provinces over the coming weeks:

  • SPINACH FEELZ™ THC+CBC DAY TRIP GUMMIES: Grab your bag, your friends and get going! A new day's adventure awaits with Spinach FEELZ™ Day Trip gummies. From sun-up to sun-down, feel at ease and in tune with all the scents, sights, and sounds this glorious world has to offer. These one-of-a-kind THC+CBC gummies are packed with delicious mango-lime flavors and are sure to make for good times with friends. Five sour-then-sweet gummies with 10mg of THC and 30mg of CBC per pack.

"We're incredibly excited about the potential of CBC, and the Spinach FEELZ™ Day Trip gummies have the perfect combination of THC and CBC, which offers a unique and differentiated experience," said Mike Gorenstein, Chairman, President, and CEO, Cronos. "Our patent pending formulation is its own special vibe. It's the perfect product to energize your high and lead you on an uplifting adventure or to an impromptu dance party – let it take you on a trip and enjoy wherever you might end up."

Spinach FEELZ™ is Cronos' brand committed to bringing a full line of products featuring rare cannabinoids to consumers in a wide range of product formats. Each product is designed to deliver unique and enhanced experiences made possible through proprietary blends of rare cannabinoids alongside more common cannabinoids, like THC and CBD. Each product is formulated to help adult consumers, "Feelz. The Way You Want."

Spinach FEELZ™ products have helped Cronos gain market share since their launch in 2021, including helping bolster the gummy and vape product offerings under Cronos' Spinach ® brand. The Spinach FEELZ™ brand was the first brand to launch a cannabis edible in Canada to feature THC and cultured CBG made using proprietary fermentation methods.

For more information and availability, please visit https://spinachcannabis.com/feelz/

Image 1

As a result of the commercialization of CBC, Cronos will issue Ginkgo approximately 489,000 common shares, representing one-third of the total expected issuance of common shares associated with CBC.

About Cronos

Cronos is an innovative global cannabinoid company committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos is building an iconic brand portfolio. Cronos' diverse international brand portfolio includes Spinach ® , PEACE NATURALS ® , Lord Jones ® , Happy Dance ® and PEACE+ ® . For more information about Cronos and its brands, please visit: thecronosgroup.com .

Forward-looking Statements

This press release may contain information that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws and court decisions (collectively, "Forward-looking Statements"). All information contained herein that is not clearly historical in nature may constitute Forward-looking Statements. In some cases, Forward-looking Statements can be identified by the use of forward-looking terminology such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify Forward-looking Statements. Some of the Forward-looking Statements contained in this press release include statements about the launch of new products continuing to help increase Cronos' market share. Forward-looking Statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, financial results, results, performance or achievements expressed or implied by those Forward-looking Statements and the Forward-looking Statements are not guarantees of future performance. A discussion of some of the material risks applicable to the Company can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and Quarterly Report on Form 10-Q for the period ended September 30, 2022, both have which been filed on SEDAR and EDGAR and can be accessed at www.sedar.com and www.sec.gov/edgar, respectively. Any Forward-looking Statement included in this press release is made as of the date of this press release and, except as required by law, Cronos disclaims any obligation to update or revise any Forward-looking Statement. Readers are cautioned not to put undue reliance on any Forward-looking Statement.

For further information, please contact:

Media Relations Contact:
Emily Whalen
Communications
Tel: (416) 504-0004
media.relations@thecronosgroup.com

Investor Relations Contact:
Shayne Laidlaw
Investor Relations
Tel: (416) 504-0004
investor.relations@thecronosgroup.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/89284594-81bd-497b-b1cc-55ed91694213


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

CRON:CA,CRON
The Conversation (0)
Cannabis Investing

Ongoing Growth in North America’s Cannabis Space

An article curated by Bazinga highlighted the cannabis market trends from last week. Even though last week was short, the cannabis sector was a busy. The article went on to highlight a number of the cannabis companies looking preparing for their IPOs, among other cannabis related news.

The article went on to highlight the Flowr Corporation as one of numerous companies looking to go public by the end of the year. Flowr’s management team is responsible for the creation and success of MedReleaf, an R&D focused company in the medical cannabis space. In preparation for its RTO in Canada, the company has raised $36 million in financing.

Keep reading...Show less

Curaleaf Provides Update on 2022 Fourth Quarter and Full-Year Earnings Release and Earnings Call

Curaleaf Holdings, Inc. (CSE: CURA OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer cannabis products, today announced that it will delay its fourth quarter and full year earnings release and conference call, which were originally scheduled for March 28, 2023 . Due to the complexities of converting three years of financials from IFRS to U.S. GAAP coinciding with year and quarter-end reporting, and the review of the treatment of various accounting matters, the Company requires additional time to complete its financial statements.  The Company expects to file its financial statements within the month of April, no later than the prescribed filing deadline provided for under applicable securities laws. The Company will announce the date of the release of its financial statements and an earnings conference call in a subsequent press release.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Goodness Growth Holdings to Report Fourth Quarter and Full Year 2022 Results on March 30, 2023

Goodness Growth Holdings, Inc. ("Goodness Growth" or the "Company") (CSE: GDNS; OTCQX: GDNSF), a cannabis company focused on providing safe access, quality products and great value to its customers, today announced that it will report financial results for its fourth quarter and full year ended December 31, 2022 on Thursday, March 30, 2023 after the market closes.

Goodness Growth management will host a conference call with the investment community the same day, at 4:30 p.m. ET (3:30 p.m. CT) to discuss its results. Interested parties may attend the conference call by dialing 1-888-414-4585 (Toll-Free) (US and Canada) or 1-646-960-0331 (Toll) (International) and referencing conference ID number 8663261.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Squeeze the Day! First Lemonnade Branded Dispensary Arrives In Michigan Bringing It's Sativa-Focused Family of Strains and Products

TerrAscend and Cookies Debut New Retail Concept in Center Line

TerrAscend Corp. ("TerrAscend" or the "Company") (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced that its subsidiary, Gage Cannabis Co. ("Gage") will lead an exciting new era in cannabis retail with the grand opening of Lemonnade Center Line the first sativa-focused provisioning center in Michigan . Through its partnership with Cookies, a globally recognized cannabis brand, Gage will open a 4,600 square-foot retail store located at 24729 Sherwood Avenue in Center Line a suburb in the heart of Metro-Detroit, that will feature an exclusive selection of the most flavorful and uplifting sativa strains on the market. Lemonnade Center Line is open from 9:00 am to 9:00 pm daily.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Tinley's Provides Corporate Updates; Announces Cost Cutting Initiatives, Board & Management Changes

Tinley's Provides Corporate Updates; Announces Cost Cutting Initiatives, Board & Management Changes

The Tinley Beverage Company Inc. (CSE: TNY) (OTCQB: TNYBF) ("Tinley's" or the "Company") provides update on the status of the previously announced decommissioning of its Long Beach manufacturing facility and relocation of its bottling and related assets to the new Blaze Life Holdings, LLC ("BLH") 45,000 square foot cannabis manufacturing and distribution facility located in Canoga Park, California, and on related measures being immediately implemented to facilitate the relocation including, but not limited to, substantive cost cutting initiatives and changes to the board and management teams.

Corporate Updates

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Hygrovest Limited

HGV Announces Board Renewal

Hygrovest Limited (ASX: HGV) ("HGV" or the “Company”) is an Australian-listed specialist investment company, which concentrates on producing capital growth for shareholders over the medium term from investments in listed and unlisted equities and other financial assets.

Keep reading...Show less
new york skyline

Cannabis Weekly Round-Up: MSOs Take New York to Court

A coalition of cannabis operators is suing two New York cannabis regulators over their decision to reserve the state's first 150 adult-use licenses for social equity applicants.

Meanwhile, earnings season continues in the cannabis space, with several more companies sharing financial results.

Keep reading to find out more cannabis highlights from the past five days.

Keep reading...Show less

Latest Press Releases

Related News

×