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25 Oct 2022, 12:49 pm by jeffreynewmanadmin
The Securities and Exchange Commission today charged Cronos Group Inc., a Nasdaq-listed cannabis company based in Toronto, for improperly accounting for millions of dollars of revenue and for other accounting misconduct in multiple reporting periods. [read post]
24 Oct 2022, 1:40 pm by Mark Astarita
The Securities and Exchange Commission today charged Cronos Group Inc., a Nasdaq-listed cannabis company based in Toronto, for improperly accounting for millions of dollars of revenue and for other accounting misconduct in multiple reporting periods. [read post]
8 Jan 2021, 6:12 am by Scott Boucher (Vancouver)
The recent class action against Cronos Group Inc., an Ontario-based cannabis company that cultivates, manufactures and markets cannabis and cannabis-derived products for the medical and adult-use markets, provides an illustration of the types of claims that have arisen. [read post]
8 Jan 2021, 6:12 am by Scott Boucher (Vancouver)
The recent class action against Cronos Group Inc., an Ontario-based cannabis company that cultivates, manufactures and markets cannabis and cannabis-derived products for the medical and adult-use markets, provides an illustration of the types of claims that have arisen. [read post]
7 Sep 2022, 7:19 pm
Decisions on observation and exclusion Norges Bank has decided to exclude nine companies from the Government Pension Fund Global. 7 September 2022 Norges Bank’s Executive Board has decided to exclude the companies Aurora Cannabis Inc, Canopy Growth Corp, Cronos Group Inc, and Tilray … [read post]
27 Apr 2020, 2:29 pm by Kevin LaCroix
(here); and the lawsuit filed on March 11, 2020 against Cronos Group (here). [read post]
28 Feb 2024, 5:39 am by Andrew Lavoott Bluestone
Supreme Court also properly found that plaintiff failed to sufficiently plead a claim of fraud where plaintiff’s complaint was incomprehensible, conclusory, and unsupported by any admissible evidence (see Cronos Group Ltd. v XcomIP LLC, 156 AD3d 54, 61-62 [1st Dept 2017]). [read post]
11 Jul 2019, 2:30 pm by Kevin LaCroix
The Cronos Group lawsuit alleged that the company and certain of its directors and officers misled investors about the size of its distribution agreements. [read post]
25 Nov 2019, 1:26 pm by Kevin LaCroix
  For example, as I discussed in a prior post (here), in September 2018, Canadian cannabis producer and distributor Cronos Group was hit was a securities class action lawsuit in the Southern District of New York.In addition, as discussed here, in October 2018, shareholders filed securities class action lawsuits in the Central District of California and in the Southern District of New York against Canadian-based Cannabis e-commerce company Namaste Technologies,… [read post]