BENSALEM, Pa.–(BUSINESS WIRE)–$CRON #classaction–Law Offices of Howard G. Smith announces that a class action lawsuit has
been filed on behalf of investors that purchased Cronos Group Inc.
(“Cronos” or the “Company”) (NASDAQ: CRON)
securities between August 21, 2018 and August 30, 2018, inclusive
(the “Class Period”). Cronos investors have until November 5,
2018 to file a lead plaintiff motion.
Investors that suffered losses on their Cronos investments are
encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email to firstname.lastname@example.org.
On August 30, 2018, Citron Research published a report alleging 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 . . . because the
agreements are so small they could never justify the premium investors
are paying for the stock.” On this news, shares of Cronos has fallen as
much as 26% during intraday trading on August 30, 2018, thereby injuring
The complaint alleges that throughout the Class Period, Defendants made
materially false and misleading statements regarding the Company’s
business, operational and compliance policies. Specifically, Defendants
made false and/or misleading statements and/or failed to disclose that:
(i) the size of Cronos’s distribution agreements with Canadian provinces
announced on August 21, 2018 was relatively small; and (ii) as a result,
Cronos’s public statements were materially false and misleading at all
If you purchased shares of Cronos during the Class Period, have
information or would like to learn more about these claims, or have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire, of
Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888)
638-4847, or by email to email@example.com,
or visit our website at www.howardsmithlaw.com.
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jurisdictions under the applicable law and ethical rules.