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Mealey's Securities/D&O Liability - Medical Marijuana Company Named In Stock-Drop Suit Over Alleged Misstatements

BROOKLYN, N.Y. - A medical marijuana company and two of its senior executives issued several misrepresentations in reporting documents with Canadian securities regulators overstating the company's financial and business condition in violation of federal securities laws, a shareholder says in a Feb. 12 complaint filed in New York federal court (Monica Acerra v. Trulieve Cannabis Corp., et al., 20-775, E.D. N.Y.).
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