Cronos Announces Appointment of ATB Cormark as its Broker for Share Repurchases in Canada

Rhea-AI Summary

Cronos (NASDAQ:CRON, TSX:CRON) appointed ATB Cormark as its broker for share repurchases in Canada, replacing Virtu Canada. The broker will execute buybacks on the TSX and alternative Canadian trading systems under Cronos' previously announced share repurchase program.

News Market Reaction – CRON

+2.88%

1 alert

+2.88% Session close to close

$1.04B Market Cap

1.20K Volume

In the Jul 1 session, CRON gained 2.88%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement refines execution of Cronos’s existing share repurchase plan by appointing a new b...

Analysis

This announcement refines execution of Cronos’s existing share repurchase plan by appointing a new broker for Canadian markets. With prior buyback and earnings news generally well received, investors may watch how consistently repurchases are executed and how broader cannabis sector pressures evolve.

Historical Context

5 past events · Latest: Jun 22 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 22	Annual meeting results	Neutral	+1.5%	Shareholders approved all proposals, including director slate and say‑on‑pay resolutions.
Jun 16	Buyback expansion	Positive	+2.7%	Extended share repurchase capacity to TSX, adding US and Canadian buyback flexibility.
Jun 11	Brand performance update	Positive	+0.4%	Spinach vape portfolio reached number one market share in Canada with new launches.
May 11	Q1 2026 earnings	Positive	+8.3%	Strong revenue growth, profitability, and authorization of a new $50M share repurchase.
May 06	Product expansion	Positive	-0.4%	Nationwide rollout of Spinach STIX pre‑rolls into a large and growing category.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news, especially earnings strength and capital return actions, has mostly led to positive share reactions, with only one notable divergence.

Key Terms

tsx, share repurchases, share repurchase program, broker

4 terms

tsx financial

"over the facilities of the TSX or other alternative Canadian trading systems"

TSX is the common shorthand for the Toronto Stock Exchange, Canada’s primary marketplace where shares, bonds and other securities are bought and sold. Think of it as a big shopping mall for investments: prices there show what buyers and sellers currently value a company’s stock, and listings, trading volume and price moves on the TSX can directly affect investor portfolios and signal broader market trends.

share repurchases financial

"to act as its broker in connection with share repurchases over the facilities"

Share repurchases occur when a company buys back its own shares from the open market. This process reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's future. For investors, share repurchases can be a sign that the company believes its stock is undervalued and may lead to higher share prices.

share repurchase program financial

"in place of Virtu Canada Corp., under its previously announced share repurchase program"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

broker financial

"appointed ATB Capital Markets Corp. (“ATB Cormark”) to act as its broker in connection"

A broker is a licensed professional or firm that helps investors buy and sell financial assets by executing trades on their behalf, acting like a marketplace agent or matchmaker between buyers and sellers. Brokers matter to investors because they provide access to markets, handle order execution and paperwork, and can offer research or advice—services that affect trade speed, costs, and the quality of investment decisions.

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TORONTO, June 30, 2026 (GLOBE NEWSWIRE) -- Cronos Group Inc. (“Cronos” or the “Company”) (NASDAQ: CRON) (TSX: CRON), an innovative global cannabis company, announced today that it has appointed ATB Capital Markets Corp. (“ATB Cormark”) to act as its broker in connection with share repurchases over the facilities of the TSX or other alternative Canadian trading systems, in place of Virtu Canada Corp., under its previously announced share repurchase program.

About Cronos

Cronos is a global cannabis company focused on scaling leading consumer goods products through research and development and innovation. With a passion to responsibly elevate the consumer experience, Cronos is building an iconic brand portfolio. Cronos’ diverse international brand portfolio includes Spinach^®, PEACE NATURALS^®, LIT™ and Lord Jones^®. For more information about Cronos and its brands, please visit: thecronosgroup.com.

Forward-Looking Information

This press release may contain information that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws and court decisions (collectively, “Forward-looking Statements”). All information contained herein that is not clearly historical in nature may constitute Forward-looking Statements. In some cases, Forward-looking Statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify Forward-looking Statements. The forward-looking information in this news release includes, but is not limited to, statements related to the Company’s share repurchases over the facilities of the TSX and its share repurchase program. Forward-looking Statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks. Financial results, performance or achievements expressed or implied by those Forward-looking Statements and the Forward-looking Statements are not guarantees of future performance. A discussion of some of the material risks applicable to the Company can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and the Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, each of which has been filed on SEDAR+ and EDGAR and can be accessed at www.sedarplus.ca and www.sec.gov/edgar, respectively. Any Forward-looking Statement included in this press release is made as of the date of this press release and, except as required by law, Cronos disclaims any obligation to update or revise any Forward-looking Statement. Readers are cautioned not to put undue reliance on any Forward-looking Statement.

For further information, please contact:
Harrison Aaron
Investor Relations
Tel: (416) 504-0004
investor.relations@thecronosgroup.com

FAQ

What did Cronos (CRON) announce about its share repurchase broker in Canada on June 30, 2026?

Cronos announced it has appointed ATB Cormark as its broker for Canadian share repurchases. According to Cronos, ATB Cormark will execute buybacks on the TSX and other Canadian trading systems under the existing share repurchase program.

Who is the new broker for Cronos (CRON) share repurchases on the TSX?

Cronos selected ATB Cormark as its new broker for TSX share repurchases. According to Cronos, ATB Cormark replaces Virtu Canada and will handle transactions under the company’s previously announced share repurchase program in Canadian markets.

Which broker did ATB Cormark replace for Cronos (CRON) Canadian share buybacks?

ATB Cormark replaced Virtu Canada as Cronos’ broker for Canadian share repurchases. According to Cronos, the change applies to buybacks carried out on the TSX and alternative Canadian trading systems under its existing share repurchase program.

Does the new ATB Cormark appointment change the size of Cronos (CRON) share repurchase program?

The announcement addresses only the appointment of ATB Cormark as broker and does not mention changes to program size. According to Cronos, ATB Cormark will operate under the previously announced share repurchase program framework.

Where will ATB Cormark execute Cronos (CRON) share repurchases in Canada?

ATB Cormark will execute Cronos share repurchases on the TSX and other alternative Canadian trading systems. According to Cronos, these transactions will occur within the company’s previously announced share repurchase program, focusing on Canadian trading venues.