Aug 2 (Reuters) - Cronos Group Inc CRON.TO :
* CRONOS GROUP ESTABLISHES NEW GROWTH OPPORTUNITY IN THE UNITED STATES WITH ACQUISITION OF HEMP-BASED PRODUCTS PLATFORM
* CRONOS GROUP INC - CRONOS GROUP WILL ACQUIRE REDWOOD FOR APPROXIMATELY USD $300 MILLION
* CRONOS GROUP - $225 MILLION OF TOTAL CONSIDERATION WILL BE PAID IN CASH WITH BALANCE PAID IN NEWLY ISSUED CRONOS GROUP COMMON SHARES.
* CRONOS GROUP INC - CRONOS GROUP WILL FUND CASH PORTION OF TRANSACTION WITH CASH ON HAND.