Cronos Group Appoints Deloitte as New Auditor

Ticker: CRON · Form: 8-K · Filed: 2024-04-17T00:00:00.000Z

Sentiment: neutral

Topics: auditor-change, accounting

TL;DR

Cronos swapped auditors from PwC to Deloitte, no drama reported.

AI Summary

Cronos Group Inc. announced on April 16, 2024, that it has appointed a new independent registered public accounting firm, Deloitte LLP, effective April 11, 2024. This change follows the resignation of its former auditor, PricewaterhouseCoopers LLP. The company has stated that the decision was not a result of any disagreements with PricewaterhouseCoopers LLP.

Why It Matters

A change in auditor can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, though Cronos states no disagreements occurred.

Risk Assessment

Risk Level: low — The filing is a routine change of auditor and does not indicate any financial distress or significant operational changes.

Key Players & Entities

FAQ

When did Cronos Group Inc. announce the change in its independent registered public accounting firm?

Cronos Group Inc. announced the change on April 16, 2024.

Who is the new independent registered public accounting firm for Cronos Group Inc.?

The new independent registered public accounting firm is Deloitte LLP.

Who was Cronos Group Inc.'s previous independent registered public accounting firm?

The previous independent registered public accounting firm was PricewaterhouseCoopers LLP.

What is the effective date of the appointment of Deloitte LLP?

The appointment of Deloitte LLP is effective April 11, 2024.

Were there any disagreements between Cronos Group Inc. and PricewaterhouseCoopers LLP that led to the change?

No, the filing states that the decision to change auditors was not a result of any disagreements between Cronos Group Inc. and PricewaterhouseCoopers LLP.

From the Filing

0001656472-24-000052.txt : 20240417 0001656472-24-000052.hdr.sgml : 20240417 20240416210157 ACCESSION NUMBER: 0001656472-24-000052 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240416 ITEM INFORMATION: Changes in Registrant's Certifying Accountant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240417 DATE AS OF CHANGE: 20240416 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Cronos Group Inc. CENTRAL INDEX KEY: 0001656472 STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833] ORGANIZATION NAME: 03 Life Sciences IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38403 FILM NUMBER: 24849134 BUSINESS ADDRESS: STREET 1: 111 PETER STREET STREET 2: SUITE 300 CITY: TORONTO STATE: A6 ZIP: M5V 2H1 BUSINESS PHONE: (416) 504-0004 MAIL ADDRESS: STREET 1: 111 PETER STREET STREET 2: SUITE 300 CITY: TORONTO STATE: A6 ZIP: M5V 2H1 FORMER COMPANY: FORMER CONFORMED NAME: PharmaCan Capital Corp. DATE OF NAME CHANGE: 20151021 8-K 1 cron-20240416.htm 8-K cron-20240416 false CRONOS GROUP INC. 0001656472 Toronto Canada 001-38403 Ontario 0001656472 2023-11-08 2023-11-08 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 16, 2024 (April 11, 2024) CRONOS GROUP INC. (Exact name of registrant as specified in its charter) British Columbia, Canada 001-38403 N/A (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 111 Peter Street, Suite 300 Toronto , Ontario M5V 2H1 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: ( 416 ) 504-0004 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Shares, no par value CRON The NASDAQ Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 4.01.    Changes in Registrant’s Certifying Accountant. On April 11, 2024, KPMG LLP (“KPMG”), the current independent registered public accounting firm of Cronos Group Inc. (the “Company”), informed the Company that it will not stand for re appointment for the Company’s 2024 annual audit. KPMG indicated that its notification was a result of its decision to cease providing financial statement audit services to companies in the cannabis industry, regardless of the jurisdiction in which they operate. The Company anticipates that KPMG will conti

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