{"id":749960,"date":"2023-04-21T07:04:04","date_gmt":"2023-04-21T11:04:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices\/"},"modified":"2023-04-21T07:04:04","modified_gmt":"2023-04-21T11:04:04","slug":"cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices\/","title":{"rendered":"Cronos Group Releases Cannabinoid Life Cycle Study Highlighting its Sustainable Fermentation Practices"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">TORONTO, April  21, 2023  (GLOBE NEWSWIRE) &#8212; Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (\u201cCronos\u201d or the \u201cCompany\u201d) today, in honor of Earth Day, released a Sustainability Study, which outlines the benefits of using fermentation manufacturing methods for cannabinoid production over the impact of traditional methods of cannabis extraction, which leverage indoor cultivation methods<sup>*<\/sup>.<\/p>\n<p>The third-party reviewed results showed that the environmental footprint of growing plants indoors is high and using innovative fermentation processes is a solution that dramatically lowers the environmental impact of cannabinoid production. On average, the carbon footprint savings of using Cronos\u2019 fermentation method is 99.8% when compared to traditional extraction methods.<sup>1<\/sup><\/p>\n<p>Cronos\u2019 brand platform features rare cannabinoids in a wide range of product formats.\u202fThe Company has launched CBC and CBG-focused adult products under its <a href=\"https:\/\/spinachcannabis.com\/feelz\/\" rel=\"nofollow noopener\" target=\"_blank\"><u>Spinach FEELZ\u2122<\/u><\/a> brand platform, both products are made using Cronos\u2019 proprietary sustainable fermentation methods. Each product is designed to deliver unique and enhanced experiences made possible through proprietary blends of rare cannabinoids alongside more common cannabinoids, like THC and CBD.\u00a0<\/p>\n<p>\u201cWhile our industry is young, it\u2019s never too early to lead and invest in technology that helps contribute to a greener future,\u201d said Mike Gorenstein, President, Chairman, and Chief Executive Officer, Cronos. \u201cBy pioneering new technologies that produce rare cannabinoids using fermentation, we are not only creating a viable path to harnessing the full power of cannabinoids, but also, we are creating a sustainable process. We\u2019re thrilled to be using this technology to create innovative products under our Spinach FEELZ\u2122 brand, which brings exciting, differentiated, and sustainable cannabinoid products to consumers.\u201d\u00a0<\/p>\n<p>\n        <strong>Key Highlights<\/strong>\u00a0<\/p>\n<ul type=\"disc\">\n<li>On average, the carbon footprint savings of using Cronos\u2019 fermentation method is 99.8% when compared to traditional extraction methods.<sup>1<\/sup>\u00a0<\/li>\n<li>Fermentation methods reduce up to 99% of environmental harm from conventional production across all metrics.<sup>1<\/sup>\u00a0<\/li>\n<li>Cronos\u2019 fermentation methods eliminate plant cannabis byproduct at the outset, which helps to dramatically reduce overall carbon and water usage.<sup>1<\/sup><\/li>\n<\/ul>\n<p>\u201cWith this study, we have clearly outlined how our techniques and innovations in production can lead the way for a more sustainable industry,\u201d said Anna Shlimak, Senior Vice President, Corporate Affairs and Strategy, Cronos. \u201cAs the cannabis industry develops, the need for a more sustainable way to produce cannabinoids, including rare cannabinoids, is vital. We call upon our industry stakeholders to make room for these sustainable methods as we look to co-create regulations and protections for the emerging cannabis industry.\u201d\u00a0<\/p>\n<p>To view the full study, please visit <a href=\"https:\/\/thecronosgroup.com\/responsibility\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/thecronosgroup.com\/responsibility<\/a> or download a fact sheet PDF <a href=\"https:\/\/thecronosgroup.com\/responsibility#sustainability_div\" rel=\"nofollow noopener\" target=\"_blank\">here<\/a>. To learn more about Spinach FEELZ\u2122, please visit <a href=\"https:\/\/spinachcannabis.com\/feelz\/\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/spinachcannabis.com\/feelz\/<\/a><\/p>\n<p>\n        <sup>1<\/sup> Intertek Health Sciences Inc. (2022). CANNABINOID PRODUCTION PROCESSES: INNOVATIVE FERMENTATION METHOD AND CONVENTIONAL EXTRACTION. <em>Intertek Sustainability.<\/em>\u00a0<\/p>\n<p>\n        <strong>About Cronos Group Inc.<\/strong>\n      <\/p>\n<p>Cronos is an innovative global cannabinoid company committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos is building an iconic brand portfolio. Cronos\u2019 diverse international brand portfolio includes Spinach<sup>\u00ae<\/sup>, PEACE NATURALS<sup>\u00ae<\/sup> and Lord Jones<sup>\u00ae<\/sup>. For more information about Cronos and its brands, please visit: thecronosgroup.com.<\/p>\n<p>\n        <strong>Forward-looking Statements<\/strong>\u00a0<br \/>This press release may contain information that may constitute \u201cforward-looking information\u201d or \u201cforward-looking statements\u201d within the meaning of applicable Canadian and U.S. securities laws and court decisions (collectively, \u201cForward-looking Statements\u201d). 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 \u201cmay\u201d, \u201cwill\u201d, \u201cexpect\u201d, \u201cplan\u201d, \u201canticipate\u201d, \u201cintend\u201d, \u201cpotential\u201d, \u201cestimate\u201d, \u201cbelieve\u201d or the negative of these terms, or other similar expressions intended to identify Forward-looking Statements. Some of the Forward-looking Statements contained in this press release include statements about the sustainability of Cronos\u2019 fermentation methods for the production of rare cannabinoids and the products in which such rare cannabinoids are included. 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, 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\u2019s Annual Report on Form 10-K for the year ended December 31, 2022 which has been filed on SEDAR and EDGAR and can be accessed at <a href=\"http:\/\/www.sedar.com\" rel=\"nofollow noopener\" target=\"_blank\">www.sedar.com<\/a>\u00a0and <a href=\"http:\/\/www.sec.gov\/edgar\" rel=\"nofollow noopener\" target=\"_blank\">www.sec.gov\/edgar<\/a>, 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.<\/p>\n<p>\n        <strong>For further information, please contact:<\/strong>\u00a0<\/p>\n<p>\n        <strong>Media Relations Contact:<\/strong>\u00a0<br \/>Emily Whalen\u00a0<br \/>Communications\u00a0<br \/>Tel: (416) 504-0004\u00a0<br \/>media.relations@thecronosgroup.com<\/p>\n<p>\n        <strong>Investor Relations Contact:<\/strong>\u00a0<br \/>Shayne Laidlaw\u00a0<br \/>Investor Relations\u00a0<br \/>Tel: (416) 504-0004\u00a0<br \/>investor.relations@thecronosgroup.com\u00a0<\/p>\n<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgxMjUxOCM1NTM5MDM2IzIwOTYzMzk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/Mzk4MjMxMWMtN2EzYy00MDMwLWJhMWEtMmMzOTU1ODNhMTM1LTExMDc5MTA=\/tiny\/Cronos-Group-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO, April 21, 2023 (GLOBE NEWSWIRE) &#8212; Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (\u201cCronos\u201d or the \u201cCompany\u201d) today, in honor of Earth Day, released a Sustainability Study, which outlines the benefits of using fermentation manufacturing methods for cannabinoid production over the impact of traditional methods of cannabis extraction, which leverage indoor cultivation methods*. The third-party reviewed results showed that the environmental footprint of growing plants indoors is high and using innovative fermentation processes is a solution that dramatically lowers the environmental impact of cannabinoid production. On average, the carbon footprint savings of using Cronos\u2019 fermentation method is 99.8% when compared to traditional extraction methods.1 Cronos\u2019 brand platform features rare cannabinoids in a wide range of product formats.\u202fThe Company has &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cronos Group Releases Cannabinoid Life Cycle Study Highlighting its Sustainable Fermentation Practices&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-749960","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cronos Group Releases Cannabinoid Life Cycle Study Highlighting its Sustainable Fermentation Practices - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cronos Group Releases Cannabinoid Life Cycle Study Highlighting its Sustainable Fermentation Practices - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO, April 21, 2023 (GLOBE NEWSWIRE) &#8212; Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (\u201cCronos\u201d or the \u201cCompany\u201d) today, in honor of Earth Day, released a Sustainability Study, which outlines the benefits of using fermentation manufacturing methods for cannabinoid production over the impact of traditional methods of cannabis extraction, which leverage indoor cultivation methods*. The third-party reviewed results showed that the environmental footprint of growing plants indoors is high and using innovative fermentation processes is a solution that dramatically lowers the environmental impact of cannabinoid production. On average, the carbon footprint savings of using Cronos\u2019 fermentation method is 99.8% when compared to traditional extraction methods.1 Cronos\u2019 brand platform features rare cannabinoids in a wide range of product formats.\u202fThe Company has &hellip; Continue reading &quot;Cronos Group Releases Cannabinoid Life Cycle Study Highlighting its Sustainable Fermentation Practices&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-21T11:04:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgxMjUxOCM1NTM5MDM2IzIwOTYzMzk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Cronos Group Releases Cannabinoid Life Cycle Study Highlighting its Sustainable Fermentation Practices\",\"datePublished\":\"2023-04-21T11:04:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices\\\/\"},\"wordCount\":817,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgxMjUxOCM1NTM5MDM2IzIwOTYzMzk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices\\\/\",\"name\":\"Cronos Group Releases Cannabinoid Life Cycle Study Highlighting its Sustainable Fermentation Practices - 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(NASDAQ: CRON) (TSX: CRON) (\u201cCronos\u201d or the \u201cCompany\u201d) today, in honor of Earth Day, released a Sustainability Study, which outlines the benefits of using fermentation manufacturing methods for cannabinoid production over the impact of traditional methods of cannabis extraction, which leverage indoor cultivation methods*. The third-party reviewed results showed that the environmental footprint of growing plants indoors is high and using innovative fermentation processes is a solution that dramatically lowers the environmental impact of cannabinoid production. On average, the carbon footprint savings of using Cronos\u2019 fermentation method is 99.8% when compared to traditional extraction methods.1 Cronos\u2019 brand platform features rare cannabinoids in a wide range of product formats.\u202fThe Company has &hellip; Continue reading \"Cronos Group Releases Cannabinoid Life Cycle Study Highlighting its Sustainable Fermentation Practices\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices\/","og_site_name":"Market Newsdesk","article_published_time":"2023-04-21T11:04:04+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgxMjUxOCM1NTM5MDM2IzIwOTYzMzk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Cronos Group Releases Cannabinoid Life Cycle Study Highlighting its Sustainable Fermentation Practices","datePublished":"2023-04-21T11:04:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices\/"},"wordCount":817,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgxMjUxOCM1NTM5MDM2IzIwOTYzMzk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/cronos-group-releases-cannabinoid-life-cycle-study-highlighting-its-sustainable-fermentation-practices\/","name":"Cronos Group Releases Cannabinoid Life Cycle Study Highlighting its Sustainable Fermentation Practices - 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