40-F Filing

CRONOS GROUP INC. CIK: 1656472 FY 2017

Filing Information

Form Type	40-F
Accession Number	`0001193125-18-140678`
Period End Date	20171231
Filing Date	20180430
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	cron-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 51 Cash Flow Statement 74 Stockholders Equity 22

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalents`	9.21M	CAD	Point-in-time
Cash	`CashAndCashEquivalents`	1.13M	CAD	Point-in-time
Cash	`CashAndCashEquivalents`	3.46M	CAD	Point-in-time
Accounts receivable	`CurrentTradeReceivables`	107,000.00	CAD	Point-in-time
Accounts receivable	`CurrentTradeReceivables`	1.14M	CAD	Point-in-time
Sales tax receivable	`CurrentReceivablesFromTaxesOtherThanIncomeTax`	3.11M	CAD	Point-in-time
Prepaids and other receivables	`CurrentPrepaymentsAndOtherCurrentAssets`	503,000.00	CAD	Point-in-time
Prepaids and other receivables	`CurrentPrepaymentsAndOtherCurrentAssets`	790,000.00	CAD	Point-in-time
Biological assets	`CurrentBiologicalAssets`	1.79M	CAD	Point-in-time
Biological assets	`CurrentBiologicalAssets`	3.72M	CAD	Point-in-time
Inventory	`Inventories`	1.91M	CAD	Point-in-time
Inventory	`Inventories`	8.42M	CAD	Point-in-time
Loans receivable	`CurrentLoansAndReceivables`	309,000.00	CAD	Point-in-time
Loans receivable	`CurrentLoansAndReceivables`	314,000.00	CAD	Point-in-time
Current assets	`CurrentAssets`	26.70M	CAD	Point-in-time
Current assets	`CurrentAssets`	8.09M	CAD	Point-in-time
Investment in Whistler	`InvestmentAccountedForUsingEquityMethod`	3.81M	CAD	Point-in-time
Investment in Whistler	`InvestmentAccountedForUsingEquityMethod`	2.57M	CAD	Point-in-time
Other investments	`NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod`	5.13M	CAD	Point-in-time
Other investments	`NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod`	1.35M	CAD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	14.12M	CAD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	56.17M	CAD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	2.70M	CAD	Point-in-time
Intangible assets	`IntangibleAssetsOtherThanGoodwill`	1.61M	CAD	Point-in-time
Intangible assets	`IntangibleAssetsOtherThanGoodwill`	11.21M	CAD	Point-in-time
Intangible assets	`IntangibleAssetsOtherThanGoodwill`	11.21M	CAD	Point-in-time
Goodwill	`Goodwill`	392,000.00	CAD	Point-in-time
Goodwill	`Goodwill`	1.79M	CAD	Point-in-time
Goodwill	`Goodwill`	1.79M	CAD	Point-in-time
Assets	`Assets`	101.03M	CAD	Point-in-time
Assets	`Assets`	42.90M	CAD	Point-in-time
Accounts payable and other liabilities	`TradeAndOtherCurrentPayables`	7.88M	CAD	Point-in-time
Accounts payable and other liabilities	`TradeAndOtherCurrentPayables`	1.18M	CAD	Point-in-time
Purchase price liability	`CurrentPayablesForPurchaseOfNoncurrentAssets`	2.59M	CAD	Point-in-time
Mortgage payable	`CurrentSecuredBankLoansReceivedAndCurrentPortionOfNoncurrentSecuredBankLoansReceived`	4.00M	CAD	Point-in-time
Current liabilities	`CurrentLiabilities`	7.88M	CAD	Point-in-time
Current liabilities	`CurrentLiabilities`	7.77M	CAD	Point-in-time
Construction loan payable	`NoncurrentPortionOfNoncurrentLoansReceived`	5.37M	CAD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilities`	1.42M	CAD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilities`	1.46M	CAD	Point-in-time
Liabilities	`Liabilities`	14.66M	CAD	Point-in-time
Liabilities	`Liabilities`	9.22M	CAD	Point-in-time
Share capital	`IssuedCapital`	33.59M	CAD	Point-in-time
Share capital	`IssuedCapital`	83.56M	CAD	Point-in-time
Warrants	`Warrants`	3.98M	CAD	Point-in-time
Warrants	`Warrants`	3.36M	CAD	Point-in-time
Share-based reserve	`ReserveOfSharebasedPayments`	599,000.00	CAD	Point-in-time
Share-based reserve	`ReserveOfSharebasedPayments`	735,000.00	CAD	Point-in-time
Share-based reserve	`ReserveOfSharebasedPayments`	2.29M	CAD	Point-in-time
Accumulated deficit	`RetainedEarnings`	-6.21M	CAD	Point-in-time
Accumulated deficit	`RetainedEarnings`	-3.72M	CAD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncome`	880,000.00	CAD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncome`	1.58M	CAD	Point-in-time
Equity	`Equity`	33.68M	CAD	Point-in-time
Equity	`Equity`	86.37M	CAD	Point-in-time
Equity	`Equity`	11.70M	CAD	Point-in-time
Equity and liabilities	`EquityAndLiabilities`	42.90M	CAD	Point-in-time
Equity and liabilities	`EquityAndLiabilities`	101.03M	CAD	Point-in-time
Going concern	`GoingConcern`	-	CAD	Point-in-time
Going concern	`GoingConcern`	-	CAD	Point-in-time
Commitments and contingencies	`Contingencies`	-	CAD	Point-in-time
Commitments and contingencies	`Contingencies`	-	CAD	Point-in-time
Subsequent events	`SubsequentEvents`	-	CAD	Point-in-time
Subsequent events	`SubsequentEvents`	-	CAD	Point-in-time

Income Statement 51 line items

Line Item	Tag	Value	Unit	Period
Product sales	`Revenue`	554,000.00	CAD	Annual
Product sales	`Revenue`	4.08M	CAD	Annual
Inventory expensed to cost of sales	`CostOfMerchandiseSold`	384,000.00	CAD	Annual
Inventory expensed to cost of sales	`CostOfMerchandiseSold`	4.49M	CAD	Annual
Production costs	`ProductionCost`	356,000.00	CAD	Annual
Production costs	`ProductionCost`	3.98M	CAD	Annual
Unrealized gain on revaluation of biological assets	`GainsLossesOnFairValueAdjustmentBiologicalAssets`	2.18M	CAD	Annual
Unrealized gain on revaluation of biological assets	`GainsLossesOnFairValueAdjustmentBiologicalAssets`	11.62M	CAD	Annual
Total recovery of cost of sales	`CostOfSalesAndRecovery`	-1.44M	CAD	Annual
Total recovery of cost of sales	`CostOfSalesAndRecovery`	-3.15M	CAD	Annual
Gross profit	`GrossProfit`	7.23M	CAD	Annual
Gross profit	`GrossProfit`	1.99M	CAD	Annual
General and administration	`GeneralAndAdministrativeExpense`	6.93M	CAD	Annual
General and administration	`GeneralAndAdministrativeExpense`	3.44M	CAD	Annual
Stock-based payments	`ExpenseFromShareBasedPaymentTransactionsWithEmployeesAndNonemployees`	307,000.00	CAD	Annual
Stock-based payments	`ExpenseFromShareBasedPaymentTransactionsWithEmployeesAndNonemployees`	1.86M	CAD	Annual
Depreciation	`DepreciationExpense`	382,000.00	CAD	Annual
Depreciation	`DepreciationExpense`	541,000.00	CAD	Annual
Total operating expenses	`OperatingExpenseExcludingCostOfSales`	9.34M	CAD	Annual
Total operating expenses	`OperatingExpenseExcludingCostOfSales`	4.12M	CAD	Annual
Operating loss	`ProfitLossFromOperatingActivities`	-2.13M	CAD	Annual
Operating loss	`ProfitLossFromOperatingActivities`	-2.11M	CAD	Annual
Interest expense	`InterestExpense`	126,000.00	CAD	Annual
Interest expense	`InterestExpense`	232,000.00	CAD	Annual
Share of income from Whistler investment	`ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod`	163,000.00	CAD	Annual
Share of income from Whistler investment	`ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod`	165,000.00	CAD	Annual
Gain (loss) on other investments	`GainsLossesOnDisposalsOfInvestments`	-310,000.00	CAD	Annual
Gain (loss) on other investments	`GainsLossesOnDisposalsOfInvestments`	4.86M	CAD	Annual
Reversal of impairment loss on loan receivable	`ReversalOfImpairmentLossRecognisedInProfitOrLossLoansAndAdvances`	725,000.00	CAD	Annual
Other income	`MiscellaneousOtherOperatingIncome`	27,000.00	CAD	Annual
Total other income	`OtherIncome`	373,000.00	CAD	Annual
Total other income	`OtherIncome`	4.90M	CAD	Annual
Income (loss) before income taxes	`ProfitLossBeforeTax`	-1.76M	CAD	Annual
Income (loss) before income taxes	`ProfitLossBeforeTax`	2.79M	CAD	Annual
Income tax expense (recovery)	`IncomeTaxExpenseContinuingOperations`	-568,000.00	CAD	Annual
Income tax expense (recovery)	`IncomeTaxExpenseContinuingOperations`	298,000.00	CAD	Annual
Net income (loss)	`ProfitLoss`	2.49M	CAD	Annual
Net income (loss)	`ProfitLoss`	-1.19M	CAD	Annual
Gain on revaluation of other investments, net of tax	`OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation`	1.58M	CAD	Annual
Gain on revaluation of other investments, net of tax	`OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation`	947,000.00	CAD	Annual
Unrealized gains reclassified to net income	`OtherComprehensiveIncomeUnrealizedGainsReclassifiedToProfitOrLossNetOfTax`	-1.65M	CAD	Annual
Comprehensive income	`ComprehensiveIncome`	1.79M	CAD	Annual
Comprehensive income	`ComprehensiveIncome`	394,000.00	CAD	Annual
Basic	`BasicEarningsLossPerShare`	-0.02	CAD	Annual
Basic	`BasicEarningsLossPerShare`	0.02	CAD	Annual
Diluted	`DilutedEarningsLossPerShare`	-0.02	CAD	Annual
Diluted	`DilutedEarningsLossPerShare`	0.01	CAD	Annual
Basic	`WeightedAverageShares`	134.80M	shares	Annual
Basic	`WeightedAverageShares`	78.25M	shares	Annual
Diluted	`AdjustedWeightedAverageShares`	78.25M	shares	Annual
Diluted	`AdjustedWeightedAverageShares`	176.79M	shares	Annual

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	2.49M	CAD	Annual
Net income (loss)	`ProfitLoss`	-1.19M	CAD	Annual
Stock-based payments	`AdjustmentsForSharebasedPayments`	307,000.00	CAD	Annual
Stock-based payments	`AdjustmentsForSharebasedPayments`	1.86M	CAD	Annual
Depreciation	`AdjustmentsForDepreciationExpense`	382,000.00	CAD	Annual
Depreciation	`AdjustmentsForDepreciationExpense`	996,000.00	CAD	Annual
Share of income from investment in Whistler	`ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod`	163,000.00	CAD	Annual
Share of income from investment in Whistler	`ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod`	165,000.00	CAD	Annual
Loss (gain) on other investments	`OtherAdjustmentsForNoncashItems`	-4.86M	CAD	Annual
Loss (gain) on other investments	`OtherAdjustmentsForNoncashItems`	310,000.00	CAD	Annual
Reversal of impairment loss on loan receivable	`AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossLoansAndAdvances`	-725,000.00	CAD	Annual
Deferred income tax expense (recovery)	`AdjustmentsForDeferredTaxExpense`	298,000.00	CAD	Annual
Deferred income tax expense (recovery)	`AdjustmentsForDeferredTaxExpense`	-568,000.00	CAD	Annual
Cash flows from used in operations before changes in working capital	`CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital`	624,000.00	CAD	Annual
Cash flows from used in operations before changes in working capital	`CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital`	-1.65M	CAD	Annual
Increase in accounts receivable	`AdjustmentsForDecreaseIncreaseInTradeAccountReceivable`	-1.03M	CAD	Annual
Increase in accounts receivable	`AdjustmentsForDecreaseIncreaseInTradeAccountReceivable`	-57,000.00	CAD	Annual
Increase in sales tax receivable	`AdjustmentsForDecreaseIncreaseInSalesTaxReceivable`	-3.11M	CAD	Annual
Increase in prepaids and other receivables	`AdjustmentsForIncreaseDecreaseInPrepaymentsAndOtherReceivables`	-376,000.00	CAD	Annual
Increase in prepaids and other receivables	`AdjustmentsForIncreaseDecreaseInPrepaymentsAndOtherReceivables`	-287,000.00	CAD	Annual
Increase in biological assets	`AdjustmentsForDecreaseIncreaseInBiologicalAssets`	-714,000.00	CAD	Annual
Increase in biological assets	`AdjustmentsForDecreaseIncreaseInBiologicalAssets`	-1.93M	CAD	Annual
Increase in inventory	`AdjustmentsForDecreaseIncreaseInInventories`	-6.51M	CAD	Annual
Increase in inventory	`AdjustmentsForDecreaseIncreaseInInventories`	-929,000.00	CAD	Annual
Increase in accrued interest on loan receivable	`AdjustmentsForDecreaseIncreaseInAccruedInterestReceivable`	-5,000.00	CAD	Annual
Increase in accrued interest on loan receivable	`AdjustmentsForDecreaseIncreaseInAccruedInterestReceivable`	-7,000.00	CAD	Annual
Increase (decrease) in accounts payable and other liabilities	`AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables`	6.70M	CAD	Annual
Increase (decrease) in accounts payable and other liabilities	`AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables`	-2.75M	CAD	Annual
Cash flows used in operating activities	`CashFlowsFromUsedInOperatingActivities`	-5.55M	CAD	Annual
Cash flows used in operating activities	`CashFlowsFromUsedInOperatingActivities`	-6.48M	CAD	Annual
Cash acquired from Peace Naturals	`CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013`	109,000.00	CAD	Annual
Advances of loans receivable to Peace Naturals prior to acquisition	`CashAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities`	771,000.00	CAD	Annual
Receipts of loans receivable	`CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities`	423,000.00	CAD	Annual
Acquisition of Peace Naturals	`CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities`	6.25M	CAD	Annual
Repayment of purchase price liability	`PaymentOfContingentConsiderationLiabilities`	2.59M	CAD	Annual
Investment in Whistler	`AggregateCashFlowsUsedToInvestInOtherSignificantlyInfluencedEntitiesClassifiedAsInvestingActivities`	1.08M	CAD	Annual
Dividends received from Whistler investment	`DividendsReceivedFromAssociatesClassifiedAsInvestingActivities`	2,000.00	CAD	Annual
Proceeds from sale of other investments	`ProceedsFromSalesOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod`	10.88M	CAD	Annual
Acquisition of additional shares in AbCann	`PurchaseOfAvailableforsaleFinancialAssets`	1.02M	CAD	Annual
Payment to exercise AbCann warrants	`CashOutflowFromTheExerciseOfWarrants`	2.27M	CAD	Annual
Purchase of property, plant and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	1.52M	CAD	Annual
Purchase of property, plant and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	42.70M	CAD	Annual
Cash flows used in investing activities	`CashFlowsFromUsedInInvestingActivities`	-38.77M	CAD	Annual
Cash flows used in investing activities	`CashFlowsFromUsedInInvestingActivities`	-8.01M	CAD	Annual
Repayment of deposit payable	`RepaymentOfDepositPayable`	200,000.00	CAD	Annual
Repayment of promissory note payable	`RepaymentsOfBondsNotesAndDebentures`	950,000.00	CAD	Annual
Repayment of loans	`RepaymentsOfBorrowingsClassifiedAsFinancingActivities`	2.69M	CAD	Annual
Repayment of mortgage payable	`RepaymentsOfCurrentBorrowings`	500,000.00	CAD	Annual
Repayment of mortgage payable	`RepaymentsOfCurrentBorrowings`	4.00M	CAD	Annual
Proceeds from construction loan payable	`ProceedsFromNoncurrentBorrowings`	6.30M	CAD	Annual
Transaction costs paid on construction loan payable	`PaymentsForDebtIssueCosts`	1.28M	CAD	Annual
Proceeds from exercise of warrants	`ProceedsFromExerciseOfWarrants`	418,000.00	CAD	Annual
Proceeds from exercise of warrants	`ProceedsFromExerciseOfWarrants`	1.62M	CAD	Annual
Proceeds from issuance of warrants	`CashInflowFromIssuingWarrants`	2.83M	CAD	Annual
Proceeds from exercise of options	`ProceedsFromExerciseOfOptions`	591,000.00	CAD	Annual
Proceeds from exercise of options	`ProceedsFromExerciseOfOptions`	104,000.00	CAD	Annual
Proceeds from issuance of shares	`ProceedsFromIssuingShares`	17.97M	CAD	Annual
Proceeds from issuance of shares	`ProceedsFromIssuingShares`	49.59M	CAD	Annual
Share issuance costs	`PaymentsForShareIssueCosts`	162,000.00	CAD	Annual
Share issuance costs	`PaymentsForShareIssueCosts`	2.77M	CAD	Annual
Cash flows provided by financing activities	`CashFlowsFromUsedInFinancingActivities`	16.82M	CAD	Annual
Cash flows provided by financing activities	`CashFlowsFromUsedInFinancingActivities`	50.06M	CAD	Annual
Net change in cash	`IncreaseDecreaseInCashAndCashEquivalents`	5.74M	CAD	Annual
Net change in cash	`IncreaseDecreaseInCashAndCashEquivalents`	2.34M	CAD	Annual
Cash - beginning of year	`CashAndCashEquivalents`	9.21M	CAD	Point-in-time
Cash - beginning of year	`CashAndCashEquivalents`	1.13M	CAD	Point-in-time
Cash - beginning of year	`CashAndCashEquivalents`	3.46M	CAD	Point-in-time
Cash - end of year	`CashAndCashEquivalents`	9.21M	CAD	Point-in-time
Cash - end of year	`CashAndCashEquivalents`	1.13M	CAD	Point-in-time
Cash - end of year	`CashAndCashEquivalents`	3.46M	CAD	Point-in-time
Interest received	`InterestReceived`	22,000.00	CAD	Annual
Interest received	`InterestReceived`	48,000.00	CAD	Annual
Interest paid	`InterestPaid1`	294,000.00	CAD	Annual
Interest paid	`InterestPaid1`	200,000.00	CAD	Annual

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`Equity`	33.68M	CAD	Point-in-time
Balance	`Equity`	86.37M	CAD	Point-in-time
Balance	`Equity`	11.70M	CAD	Point-in-time
Shares issued	`IssueOfEquity`	20.93M	CAD	Annual
Shares issued	`IssueOfEquity`	49.59M	CAD	Annual
Share issuance costs	`ShareIssueRelatedCost`	2.77M	CAD	Annual
Share issuance costs	`ShareIssueRelatedCost`	162,000.00	CAD	Annual
Vesting of options	`IncreaseDecreaseThroughSharebasedPaymentTransactions`	178,000.00	CAD	Annual
Vesting of options	`IncreaseDecreaseThroughSharebasedPaymentTransactions`	1.86M	CAD	Annual
Options exercised	`IncreaseDecreaseThroughExerciseOfOptions`	591,000.00	CAD	Annual
Options exercised	`IncreaseDecreaseThroughExerciseOfOptions`	103,000.00	CAD	Annual
Warrants exercised	`IncreaseDecreaseThroughExerciseOfWarrantsEquity`	418,000.00	CAD	Annual
Warrants exercised	`IncreaseDecreaseThroughExerciseOfWarrantsEquity`	1.62M	CAD	Annual
Conversion of convertible loans payable	`IncreaseDecreaseThroughConversionOfConvertibleInstruments`	115,000.00	CAD	Annual
Unrealized gains reclassified to net income	`IncreaseDecreaseThroughTransferBetweenRevaluationReserveAndRetainedEarnings`	-1.65M	CAD	Annual
Net income	`ProfitLoss`	2.49M	CAD	Annual
Net income	`ProfitLoss`	-1.19M	CAD	Annual
Other comprehensive income	`OtherComprehensiveIncome`	947,000.00	CAD	Annual
Other comprehensive income	`OtherComprehensiveIncome`	1.58M	CAD	Annual
Balance	`Equity`	33.68M	CAD	Point-in-time
Balance	`Equity`	86.37M	CAD	Point-in-time
Balance	`Equity`	11.70M	CAD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.