Form Type: 4

SEC EDGAR Link
Accession Number:0001797199-20-000005
Date:2020-11-12
Issuer: CRONOS GROUP INC. (CRON)
Original Submission Date:

Reporting Person:

GORENSTEIN MICHAEL RYAN
111 PETER STREET, SUITE 300
TORONTO, A6 M5V 2G9

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON SHARES 2020-11-12 M 4,000,000 a $0.19 4,617,447 direct
COMMON SHARES 2020-11-12 F 105,151 d $7.14 4,512,296 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
WARRANTS 0.1876 2020-11-12 deemed execution date M 4,000,000 (d) 2021-05-27 common shares 4,000,000 $0.19 3,990,221 direct
Footnotes
IDfootnote
f1 the price reported was converted from the canadian exercise price of c$0.245 to u.s. dollars using an exchange rate of c$1.00 to us$0.7657 as reported by bloomberg as of november 11, 2020.
f2 on november 12, 2020, the reporting person exercised warrants to purchase 4,000,000 common shares of cronos group inc. (the "company") for c$0.245 per common share. the reporting person paid the exercise price on a cashless basis, resulting in the company's withholding of 105,151 common shares to pay the exercise price and issuing to the reporting person the remaining 3,894,849 common shares.
f3 the price reported is in u.s. dollars based on the exchange rate of c$1.00 to us$0.7657 as reported by bloomberg as of november 11, 2020.
f4 the warrants were issued between may 16, 2016 and august 12, 2016 and were immediately exercisable.
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