Key facts
- This page summarizes ALTRIA GROUP, INC.'s Form 4 filing for Cronos Group Inc. (CRON).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 19 Dec 2022, 16:18.
ALTRIA GROUP, INC. - 16 Dec 2022 Form 4 Insider Report for Cronos Group Inc. (CRON)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- CRON
- Reported as of
- 16 Dec 2022
- Net transaction value
- $0
- Reporting owner signature
- Altria Group, Inc., By: /s/ W. Hildebrandt Surgner, Jr., Vice President, Corporate Secretary and Associate General Counsel
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
ALTRIA GROUP, INC. filed Form 4 for Cronos Group Inc. (CRON) on 19 Dec 2022.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
CRON
holding
Common shares, no par value ("Common Shares")
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 156,573,537
- Date
- 16 Dec 2022
- Ownership
- See Footnote
- Footnotes
- F1, F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CRON
transaction
Derivative
Warrant (right to buy)
Other
- Transaction value
- $0
- Shares
- -1
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 16 Dec 2022
- Ownership
- See Footnote
- Underlying class
- Common Stock
- Underlying amount
- 84,243,223
- Exercise price
- $19.00
- Footnotes
- F1, F2, F4, F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote 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").
Footnote 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.
Footnote F3
Reflects 156,573,537 Common Shares of the Issuer directly held by Acquireco.
Footnote F4
The exercise price is expressed in Canadian dollars.
Footnote 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.
Footnote 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.