Cronos Group Launches Australian Cannabis Joint Venture

Toronto-based Cronos Group, a company that specializes in developing medical marijuana, launched its Australian branch through a fifty-fifty joint venture with NewSouthern Capital, an Australian company led by Rodney Cocks and Peter Righetti. Cronos Australia will serve as the group's hub for Southeast Asia and the South Pacific. Its Australian counterpart seeks to leverage Cronos Group's brand and intellectual property to expand its reach within Australia.

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