Altria Group, Inc. - Dec 16, 2022 Form 4 Insider Report for Cronos Group Inc. (CRON)

Role
10%+ Owner
Signature
Altria Group, Inc., By: /s/ W. Hildebrandt Surgner, Jr., Vice President, Corporate Secretary and Associate General Counsel
Stock symbol
CRON
Transactions as of
Dec 16, 2022
Transactions value $
$0
Form type
4
Date filed
12/19/2022, 04:18 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CRON Common shares, no par value ("Common Shares") 157M Dec 16, 2022 See Footnote F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CRON Warrant (right to buy) Other $0 -1 -100% $0.00* 0 Dec 16, 2022 Common Stock 84.2M $19.00 See Footnote F1, F2, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is being jointly filed by and on behalf of each of the following persons (each, a "Reporting Person"): (i) Altria Group, Inc., a corporation organized under the laws of the Commonwealth of Virginia ("Altria"); (ii) Altria Summit LLC, a limited liability company organized and existing under the laws of the Commonwealth of Virginia ("Altria Summit"); (iii) Maple Holdco (Bermuda) Ltd., a company organized under the laws of Bermuda ("Bermuda Holdco"); and (iv) Maple Acquireco (Canada) ULC, an unlimited liability company organized under the laws of the province of British Columbia, Canada ("Acquireco").
F2 Acquireco is wholly owned by Bermuda Holdco, which is wholly owned by Altria Summit, which is wholly owned by Altria. Altria Summit is a manager-managed limited liability company and Altria is its sole member.
F3 Reflects 156,573,537 Common Shares of the Issuer directly held by Acquireco.
F4 The exercise price is expressed in Canadian dollars.
F5 On December 16, 2022, Altria Summit notified the Issuer of its irrevocable abandonment of the Warrant and of any and all rights that it may have held in the Warrant or any Common Shares underlying the Warrant for no consideration and returned to the Issuer the certificate evidencing the Warrant. Following such abandonment, each of Altria and Altria Summit disclaim any beneficial ownership of the 84,243,223 Common Shares which, as of December 14, 2022, based on information provided by the Issuer, were issuable upon the exercise in full of the Warrant, and this report shall not be deemed an admission that a Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F6 Reflects a warrant (the "Warrant") to purchase up to 84,243,223 shares of common stock, no par value, of the Issuer ("Common Shares") directly held by Altria Summit. The Warrant was issued on March 8, 2019 and, at the time of issuance, provided Altria Summit the right to purchase up to an additional 73,990,693 Common Shares at an exercise price of CAD$19.00 per Common Share, subject to customary anti-dilution adjustments.