BENSALEM, Pa.–(BUSINESS WIRE)–$CRON #classaction–Law Offices of Howard G. Smith reminds investors of the November
5, 2018 deadline to file a lead plaintiff motion in the class action
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 suffering 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 an article entitled
“Cronos: The Dark Side of Cannabis Space,” alleging, among other things,
that the Company has been “deceiving the investing public by purposely
not disclosing the size of its distribution agreements with provinces –
unlike every other major cannabis player” and that this was because “the
agreements are so small that they could never justify the premium
investors are paying for the stock.” On this news, Cronos’ share price
fell $3.62 per share, or more than $28%, to close at $9.12 per share on
August 30, 2018, on unusually heavy trading volume.
The complaint filed in this class action alleges that, throughout the
Class Period, 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: (1) that the size of Cronos’ distribution
agreements with the provinces was relatively small; and (2) 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.
If you purchased shares of Cronos during the Class Period you may move
the Court no later than November 5, 2018 to ask the Court to
appoint you as lead plaintiff. To be a member of the Class you need not
take any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you 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.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.