Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Cronos Group Inc. (NASDAQ: CRON) resulting from allegations that Cronos may have issued materially misleading business information to the investing public.
If you purchased Cronos securities and would like to join the prospective action, please click “Join This Class Action.”
On November 9, 2021, Cronos filed a Form 8-K with the SEC in which it disclosed that it had determined the previous day that the Company would “be required to restate its previously issued unaudited interim financial statements for the three and six months ended June 30, 2021” and that “[t]he Company’s financial statements for this period should therefore no longer be relied upon.”
On this news, Cronos’ share price dropped nearly 16%, damaging investors.
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