Trulieve Cannabis Corp.
Lead Plaintiff Deadline: 03/02/2020
SUMMARY OF CASE:
A securities class action has been filed against Trulieve Cannabis Corp. (TCNNF) on behalf of purchasers of the securities of Trulieve between September 25, 2018 through December 17, 2019. This case has been filed in the USDC – E.D.N.Y.
The Complaint alleges defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Trulieve overstated its mark-up on its biological assets; (2) therefore, Trulieve’s reported gross profit was inflated; (3) Trulieve engaged in an undisclosed related party real estate sale with Defendant Rivers’ husband; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.