July 11 (Reuters) - Cronos Group Inc CRON.TO :
* CRONOS GROUP ENTERS AGREEMENT TO ACQUIRE STATE-OF-THE-ART FERMENTATION AND MANUFACTURING FACILITY
* CRONOS GROUP INC - COMPANY INTENDS TO USE EXISTING CASH ON HAND TO FUND ACQUISITION
* CRONOS GROUP INC - AFI IS CURRENTLY OVERSEEING A WIND-DOWN OF FACILITY, WHICH IS EXPECTED TO CONTINUE THROUGH FALL 2019
* CRONOS GROUP INC - ACQUISITION IS NOT EXPECTED TO BE MATERIAL TO CRONOS GROUP'S CASH POSITION
* CRONOS GROUP - WILL BEGIN ALIGNING SPECIFICATIONS FOR EQUIPMENT AND MANUFACTURING REQUIRED FOR PRODUCTION AND DOWNSTREAM PROCESSING OF CANNABINOIDS.
* CRONOS GROUP - AGREEMENT TO ACQUIRE AN 84,000 SQUARE FOOT GMP COMPLIANT FERMENTATION AND MANUFACTURING FACILITY IN WINNIPEG, CANADA