Cronos Group (NASDAQ:CRON) says Bruce Gates, a director and chair of its compensation committee, resigned in order to focus on his increased professional responsibilities.
Gates had been nominated to the board by Altria Group, the result of an investor rights agreement between Altria and Cronos.
Altria picks Heather Newman, senior vice president of corporate strategy, to serve on the Cronos board.
Cronos falls 3.7% in after-hours trading.
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