A Deadline is coming up on November 5, 2018 in the lawsuit for investors in Cronos Group Inc. (NASDAQ: CRON) and NASDAQ: CRON stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/16/2018 -- The Shareholders Foundation announces that a deadline is coming up on November 5, 2018 in the lawsuit filed for certain investors of Cronos Group Inc. (NASDAQ: CRON over alleged securities laws violations by Cronos Group Inc.
Investors who purchased shares of Cronos Group Inc. (NASDAQ: CRON) have certain options and there are strict and short deadlines running. Deadline: November 5, 2018. NASDAQ: CRON stockholders should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff claims that between August 21, 2018, and August 30, 2018, the Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose that the size of Cronos' distribution agreements with the provinces was relatively small, and that, as a result of the foregoing, Defendants' positive statements about Cronos' business, operations, and prospects were materially false and/or misleading, and/or lacked a reasonable basis.
On August 30, 2018,the managing editor of Citron Research("Citron") published a report entitled "Cronos: The Dark Side of The Cannabis Space" wherein he detailed a series of allegedly alarming red flags about Cronos Group Inc.
Specifically, Citron states that "Cronos management appears to have been deceiving the investing public by purposely not disclosing the size of its distribution agreements with provinces – unlike every other major cannabis player", the Citron report further claims, "our sources have informed us that it's because the agreements are so small they could never justify the premium investors are paying for the stock".
Those who purchased shares of Cronos Group Inc. (NASDAQ: CRON) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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