May 14 (Reuters) - Cronos Group Inc CRON.TO :
* CRONOS GROUP AND MEDIPHARM LABS ENTER CANNABIS CONCENTRATE SUPPLY AGREEMENT
* CRONOS GROUP INC - MEDIPHARM LABS WILL SUPPLY CRONOS GROUP WITH APPROXIMATELY $30 MILLION OF HIGH-QUALITY PRIVATE LABEL CANNABIS CONCENTRATE
* CRONOS GROUP INC - SUPPLY CAN POTENTIALLY GO UP TO $60 MILLION OVER 24-MONTHS
* CRONOS GROUP INC - CO AND MEDIPHARM LABS HAVE ENTERED INTO A MULTI-YEAR TOLLING AGREEMENT TO FULFILL CERTAIN ADDITIONAL PROCESSING NEEDS OF CO
* CRONOS GROUP INC - CRONOS GROUP AND MEDIPHARM LABS HAVE ALSO ENTERED INTO A MULTI-YEAR TOLLING AGREEMENT
* CRONOS GROUP INC - PEACE NATURALS WILL ALSO HAVE A RIGHT OF FIRST OFFER TO PURCHASE AN ADDITIONAL APPROXIMATELY $18 MILLION OF CANNABIS CONCENTRATE
* CRONOS - DEAL INCLUDES OPTION FOR MUTUAL EXTENSION WHERE, IF EXTENDED, PEACE NATURALS WOULD ALSO PURCHASE MINIMUM OF ABOUT $6 MILLION OF CONCENTRATE
* CRONOS GROUP - AGREEMENT INCLUDES OPTION FOR MUTUAL EXTENSION WHERE PEACE NATURALS WOULD ADDITIONALLY PURCHASE MINIMUM OF ABOUT $6 MILLION OVER 6 MONTHS
* CRONOS GROUP INC - TOLLING AGREEMENT HAS A TWO-YEAR TERM.