Altria Group Updates Cronos Group Stake Filing

Ticker: CRON · Form: SC 13D/A · Filed: 2024-04-25T00:00:00.000Z

Sentiment: neutral

Topics: ownership-change, amendment, cannabis-industry

Related Tickers: CRON

TL;DR

Altria filed an update on its Cronos Group stake - no major changes disclosed, but watch for future moves.

AI Summary

Altria Group, Inc. filed an amendment (SC 13D/A) on April 25, 2024, regarding their holdings in Cronos Group Inc. This filing indicates a change in beneficial ownership, with Altria Summit LLC, Maple Acquireco (Canada) ULC, and Maple Holdco (Bermuda) Ltd. listed as group members. The filing does not specify dollar amounts or new percentage changes but signifies an update to their previous disclosures.

Why It Matters

This filing is an update to Altria's ownership stake in Cronos Group, a cannabis company, which could signal strategic shifts or ongoing investment evaluations by Altria.

Risk Assessment

Risk Level: medium — The filing itself is an update, but the underlying investment in a volatile sector like cannabis carries inherent risks.

Key Players & Entities

FAQ

What is the specific nature of the change in beneficial ownership being reported in this SC 13D/A filing?

The filing is an amendment (Amendment No. 2) to a previous Schedule 13D, indicating a change in beneficial ownership, but the specific details of the change are not elaborated in the provided text.

Who are the group members associated with Altria Group, Inc. in this filing?

The group members listed are Altria Summit LLC, Maple Acquireco (Canada) ULC, and Maple Holdco (Bermuda) Ltd.

What is the Central Index Key (CIK) for Cronos Group Inc.?

The CIK for Cronos Group Inc. is 0001656472.

What is the filing date of this SC 13D/A amendment?

The filing date is April 25, 2024.

What was Cronos Group Inc.'s former company name and when did the name change occur?

Cronos Group Inc.'s former company name was PharmaCan Capital Corp., and the date of the name change was October 21, 2015.

From the Filing

0001193125-24-114508.txt : 20240425 0001193125-24-114508.hdr.sgml : 20240425 20240425183955 ACCESSION NUMBER: 0001193125-24-114508 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240425 DATE AS OF CHANGE: 20240425 GROUP MEMBERS: ALTRIA SUMMIT LLC GROUP MEMBERS: MAPLE ACQUIRECO (CANADA) ULC GROUP MEMBERS: MAPLE HOLDCO (BERMUDA) LTD. SUBJECT COMPANY: 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: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90505 FILM NUMBER: 24878003 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 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ALTRIA GROUP, INC. CENTRAL INDEX KEY: 0000764180 STANDARD INDUSTRIAL CLASSIFICATION: CIGARETTES [2111] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 133260245 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 6601 WEST BROAD STREET CITY: RICHMOND STATE: VA ZIP: 23230 BUSINESS PHONE: (804) 274-2200 MAIL ADDRESS: STREET 1: 6601 WEST BROAD STREET CITY: RICHMOND STATE: VA ZIP: 23230 FORMER COMPANY: FORMER CONFORMED NAME: ALTRIA GROUP INC DATE OF NAME CHANGE: 20030127 FORMER COMPANY: FORMER CONFORMED NAME: PHILIP MORRIS COMPANIES INC DATE OF NAME CHANGE: 19920703 SC 13D/A 1 d783044dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2) Cronos Group Inc. (Name of Issuer) Common Shares, no par value (Title of Class of Securities) 22717L101 (CUSIP Number) W. Hildebrandt Surgner, Jr. Vice President, Corporate Secretary and Associate General Counsel Altria Group, Inc. 6601 West Broad Street Richmond, Virginia 23230 (804) 274-2200 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Copy to: Andrew J. Nussbaum, Esq. John L. Robinson, Esq. Wachtell, Lipton, Rosen & Katz 51 West 52nd Street New York, New York 10019 (212) 403-1000 April 25, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ☐ Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Act ”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ). CUSIP No. 22717L101  1   NAME OF REPORTING PERSON  Altria Group, Inc.  2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  (a) ☒  (b) ☐  3  SEC USE ONLY  4  SOURCE OF FUNDS  WC, OO  5  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS R

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