Mr. Jeff Jacobson reports

CRONOS LAUNCHES LORD JONES CHOCOLATE FUSIONS

Cronos Group Inc. has launched Lord Jones Chocolate Fusions, its exciting first entry into the chocolate edibles category. Cronos's newest edible innovation was developed and designed by an expert team of culinary chefs, food scientists and leaders in cannabis product development. The bite-sized Chocolate Fusions feature a dynamic, multitexture experience, combining a soft and chewy centre, crunch inclusions and an outer layer of rich, creamy chocolate that delivers a decadent sweet treat for adult cannabis consumers.

"We are thrilled to bolster the recent successful launch of the Lord Jones brand in Canada with our first chocolate edibles," said Jeff Jacobson, chief growth officer, Cronos. "These hand-crafted and artfully created chocolates demonstrate our passion for delivering a differentiated experience through an innovative cannabis product that our consumers will love. This breakthrough innovation is the result of our continuous commitment to and investment in R&D [research and development] and product development, and we're excited to add Chocolate Fusions to our growing family of premium and THC [tetrahydrocannabinol]-focused Lord Jones products in Canada, which are designed to take adult consumers above and beyond."

Lord Jones Chocolate Fusions feature winning attributes to attract cannabis consumers, including three delicious flavour combinations, an artisanal design that highlights a creative combination of textures and a flavour-masking system to ensure outstanding taste. Through an extensive research and sensory testing process, the company's team of experts seized the opportunity to deliver an exceptional edible that elevates the overall category.

Each package of Lord Jones Chocolate Fusions includes five pieces with two milligrams (mg) of THC (tetrahydrocannabinol) per piece. Chocolate Fusions will be available in the following flavours and formats:

• Lord Jones Cookies & Cream Chocolate Fusions:
  • 10 mg THC total per package;
  • Three layers of white chocolate, cookie crunch bits and a chewy fudge centre.
• Lord Jones Salted Caramel Crunch 1:1 CBD (cannabidiol):THC Chocolate Fusions:
  • 10 mg THC and 10 mg CBD per package;
  • Three layers of milk chocolate, a sweet and salty crunch, and a smooth caramel centre.
• Lord Jones Dazzleberry Pop Chocolate Fusions:
  • 10 mg THC total per package;
  • Three layers of gold-dusted dark chocolate, a crackling pop and a sweet berry centre.

Cronos continues to be an award-winning leader in cannabis edibles. The same team behind the hugely popular SOURZ by Spinach and Spinach FEELZ portfolio of gummies leveraged its expertise in the edibles space to create this innovation for the chocolate category for the Lord Jones brand.

"I'm extremely proud of Cronos's leadership position in edibles and to see the visionary evolution of our edible offerings. We believe Chocolate Fusions are a category-defining product that will expand the chocolate segment," said Mike Gorenstein, president, chairman and chief executive officer, Cronos. "We believe that our Chocolate Fusions deliver on what consumers have come to expect from our brands -- truly differentiated, consistent and high-quality products that introduce new and unexpected ways to consume cannabis. We look forward to growing the Lord Jones brand in Canada, and building a bold, premium portfolio that shapes the future of what is possible in cannabis innovation."

Lord Jones Chocolate Fusions launch in Ontario this month and will be available throughout Canada by mid-2024.

About Cronos Group Inc.

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's diverse international brand portfolio includes Spinach, Peace Naturals and Lord Jones.

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