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Mealeys

Mealey's Securities/D&O Liability - Cannabis Producer Hit With Stock-Drop Suit Over Alleged Misrepresentations

NEWARK, N.J. - A shareholder sued a cannabis producer and distributor and several of its senior executives in New Jersey federal court on Nov. 21, alleging that the defendants misrepresented the financial strength of their consumer cannabis revenue in Securities and Exchange Commission reporting documents, conference calls and press releases in violation of federal securities laws (William Wilson v. Aurora Cannabis Inc., et al., No. 19-20588, D. N.J.).
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