In a filing, the OSC says Toronto-based Cronos Group Inc. improperly recognized $7.6 million in revenue in its first, second and third quarter financial statements filed in 2019.

The statement of claim filed in Calgary on June 16 accuses the companies of failing to properly label their products and alleges negligence on their part.

Canadian cannabis producer Cronos Group says it will receive a $2.4 billion equity investment from Altria Group, one of the biggest tobacco companies in the world.