Aurora Cannabis Inc.
Lead Plaintiff Deadline: 01/21/2020
SUMMARY OF CASE:
A securities class action has been filed against Aurora Cannabis Inc. (ACB) on behalf of purchasers of the securities of Aurora Cannabis between September 11, 2019 through November 14, 2019. This case has been filed in the USDC – NJ.
The Complaint alleges defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Aurora’s revenue would decline in its first quarter of fiscal 2020 ended September 30, 2019; (2) the Company would halt construction on its Aurora Nordic 2 and Aurora Sun facilities; and (3) due to the foregoing, defendants’ statements about Aurora’s receivables, business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.