Cronos Group Inc. says it has received “unsolicited indications of interest” from third parties seeking a potential transaction with the Canadian cannabis company.

Cronos reported it is in the initial stages of reviewing the indications of interest, noting an agreement or transaction may not result from the review. 

The company said it doesn’t intend to make further announcements unless it is required to do so by law.

Altria Group, owner of Philip Morris USA, U.S. Smokeless Tobacco Company and John Middleton, acquired a 45% equity stake in Cronos Group in 2019. Cronos Group offers the Spinach, Peace Naturals and Lord Jones cannabis brands.