TORONTO, Nov. 8, 2017 /CNW/ - Cronos Group Inc. (TSX-V: MJN) (OTC – Nasdaq Int'l Designation: PRMCF) (" Cronos Group ") is pleased to announce that it has closed its previously announced bought deal public offering, including the full exercise of the over-allotment option. As such, a total of 5,476,190 common shares of Cronos Group (the " Shares ") were sold at a price of $3.15 per Share for aggregate gross proceeds of approximately $17.2 million (the " Offering "). The Offering was underwritten by a syndicate led by PI Financial Corp. as sole bookrunner and which included Canaccord Genuity Corp. Cronos Group intends to use the net proceeds of the Offering for expanding production capacity at its wholly-owned Licensed Producer Peace Naturals Project Inc., developing infrastructure for distribution, research and development initiatives, and for general working capital purposes.