Cronos Group Establishes NatuEra with Colombian Agricultural Leader Agroidea Affiliate
Cronos Group
Inc. (NASDAQ: CRON) announced on August 29th that the company has agreed to a joint venture agreement that effectively creates a new entity. The new entity from Cronos and Agroidea SAS’s (AGI) affiliate is named, NatuEra S.à r.I., or NatuEra. Ownership of NatuEra is split evenly at 50/50 between Cronos and AGI.
NatuEra will have at its disposal land estimated at over 1,020 acres in Colombia. NatuEra’s home comes from a Dole Food’s division that cultivated flowers and not fruits or vegetables. The Dole facility will be remodeled and fitted to best fit NatuEra’s needs.
Cronos Group Establishes NatuEra with Colombian Agricultural Leader Agroidea Affiliate
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