Cronos Appoints ATB Cormark as Broker for Share Repurchases in Canada

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2▲1 ▼0Impact / 5
Summary · why it matters

Cronos Group announced it has appointed ATB Capital Markets Corp., doing business as ATB Cormark, to act as its broker for share repurchases over the facilities of the TSX or other alternative Canadian trading systems, replacing Virtu Canada Corp. The appointment is made under the company's previously announced share repurchase program. Cronos is an innovative global cannabis company with a diverse international brand portfolio including Spinach, PEACE NATURALS, LIT and Lord Jones.

Impact on assets 1

Health Care▲ · 1 stocks
Cronos Group Inc
CRON
▲ PositiveCapitalrelevance

Appointment of broker for share repurchases is a capital allocation event that typically supports stock price.

Off-coverage companies 1

ATB Capital Markets Corp.Private▲ Positive
Demandrelevance

ATB Cormark gains a client engagement as broker for Cronos's share repurchases.