When Cronos Group Inc. bought U.S. CBD startup Lord Jones for $300 million — as much as 150 times the youthful company’s 2018 revenue — a fund founded by the chief executive and a longtime director stood to collect 40% of the purchase price, including more than $20 million in fees. Read More...
Cronos paid $300 million for a small CBD company, and CEO’s private-equity firm stands to collect $120 million of it
When Cronos Group Inc. bought U.S. CBD startup Lord Jones for $300 million — as much as 150 times the youthful company’s 2018 revenue — a fund founded by the chief executive and a longtime director stood to collect 40% of the purchase price, including more than $20 million in fees.
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