05:02 PM EDT, 05/28/2024 (MT Newswires) -- Cronos Group Inc. ( CRON ) was fluctuating between modest losses and modest gains in US after hours on announcing Tuesday that it has terminated its agreement with Future Farmco Canada Inc, for the sale and leaseback of a property located in Ontario, Canada, and referred to as the 'Peace Naturals Campus'.

According to a statement, the buyer did not satisfy or waive its due diligence and financing condition by the May 27, 2024 deadline, as set forth in the sale agreement. All amounts paid by the Buyer as part of a security deposit that were previously held in trust have been returned, in accordance with the Sale Agreement, the statement said. Cronos ( CRON ) added it is continuing to evaluate its strategic options for the Campus, which may include continuing and expanding operations at the facility.

CRON edged up $0.01 to $3.65 today on the TSX, and rose US$0.04 or 1.5% in US regular hours.