Replies to post #7721 on Cronos Group Inc (CRON)

[musicdad]

Quote:

"I highly doubt the entire campus was valued at $15 millIon. 400,000+ square feet is closer to $100 million".

What Mike and Jerry said:

Certain facilities at Peace Naturals will be partially repurposed from cultivation to provide for more R&D activities, production and manufacturing of derivative products and will allow for increased vault and warehousing space.

we are optimizing our Peace Naturals campus for alternative uses like additional R&D facilities and derivative product manufacturing. At this time, we estimate the pretax onetime charge of these updates to be no more than $15 million, primarily related to asset write downs.