Exhibit 99.4
![]() | Altria Summit LLC 6601 West Broad Street Richmond, Virginia 23230 |
December 16, 2022
Cronos Group Inc.
720 King Street West
Suite 320
Toronto, ON M5V 2T3
Attention: General Counsel
Telephone: (416) 504-0004
Email: legal@thecronosgroup.com
Re: | Abandonment of Warrant Issued by Cronos Group Inc. |
Dear Ladies and Gentlemen:
Altria Summit LLC, the holder of a warrant to purchase 84,076,946 common shares of Cronos Group Inc. (the “Warrant”), hereby irrevocably abandons, relinquishes, and surrenders all of its rights, title, and interest (contingent or otherwise) in the Warrant (whether, past, current, or future, and whether inuring to the holder of the Warrant certificate, granted pursuant to the Subscription Agreement entered into by and among Cronos Group Inc., Altria Summit LLC, and Altria Group, Inc. dated as of December 7, 2018, or otherwise) for zero consideration. The Warrant certificate is enclosed herewith.
Such abandonment, relinquishment and surrender is irrevocable and constitutes a complete abandonment with respect to any and all of its ownership interests in the Warrant.
Altria Summit LLC hereby requests that Cronos Group Inc. (i) remove, or cause to be removed, Altria Summit LLC’s name and other references to ownership of the Warrant from the appropriate register, stock ledger, or other record-keeping medium of Cronos Group Inc., any trustee or any other person or entity, to demonstrate Altria Summit LLC’s abandonment, relinquishment, and surrender of the Warrant, (ii) notify all appropriate parties (including governmental bodies) and make any necessary filings with all appropriate governmental bodies regarding Altria Summit LLC’s abandonment, relinquishment, and surrender of the Warrant, and (iii) do and cause to be done such acts that may be reasonably necessary or advisable to carry out the intent of Altria Summit LLC as provided herein.
Altria Summit LLC also requests that you notify us of any service charge, tax, fee or any other amount that is legally and contractually required to be paid as a result of this abandonment, relinquishment, and surrender of the Warrant, so that we may pay the required amount.
Sincerely, |
Michael E. Manson |
![]() | Altria Summit LLC 6601 West Broad Street Richmond, Virginia 23230 |
Enclosure
cc: | Sullivan & Cromwell LLP |
125 Broad Street
New York, New York 10004
Attention: George J. Sampas
Telephone: (212) 558-4000
Email: sampasg@sullcrom.com
Blake, Cassels & Graydon LLP
199 Bay Street, Suite 4000
Toronto, Ontario M5L 1A9
Attention: Tim Andison and Geoff S. Belsher
Telephone: (416) 863-2400
Email: tim.andison@blakes.com
geoff.belser@blakes.com
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