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March 21, 2022, 7:52 a.m. EDT

Cronos Group's Mike Gorenstein returns as CEO

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By Steve Gelsi

Cronos Group Inc. /zigman2/quotes/206842762/composite CRON +0.29% /zigman2/quotes/202715342/delayed CA:CRON -0.23% on Monday named its executive chairman Mike Gorenstein as chairman, president, and CEO of the cannabis company. The move takes effect Monday after Kurt Schmidt retired as CEO. Gorenstein previously worked as CEO of Cronos Group from 2016 to 2020, where he was named executive chairman. Jim Rudyk, lead independent director of Cronos, said Gorenstein is "uniquely positioned to oversee the implementation of our strategic and operational realignment initiatives as we create a highly differentiated branded cannabinoid platform to drive long-term success." Shares of Cronos Group rose 2.5% in premarket trades.

/zigman2/quotes/206842762/composite
US : U.S.: Nasdaq
$ 3.41
+0.01 +0.29%
Volume: 1.89M
Aug. 16, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.27 billion
Rev. per Employee
$150,153
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/zigman2/quotes/202715342/delayed
CA : Canada: Toronto
$ 4.36
-0.01 -0.23%
Volume: 411,051
Aug. 16, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.64 billion
Rev. per Employee
$190,105
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