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Lawsuit filed for Investors in shares of Curaleaf Holdings, Inc. (OTC: CURLF)

08-13-2019 09:16 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Curaleaf Holdings, Inc. (OTC: CURLF) shares over alleged securities laws violations.

A lawsuit was filed on behalf of investors in Curaleaf Holdings, Inc. (OTC: CURLF) shares over alleged securities laws violations.

The Shareholders Foundation announced that an investor, who purchased shares of Curaleaf Holdings, Inc. (OTC: CURLF), filed a lawsuit over alleged Securities Laws violations by Curaleaf Holdings, Inc..

Investors who purchased shares of Curaleaf Holdings, Inc. (OTC: CURLF) have certain options and for certain investors are short and strict deadlines running. Deadline: October 4, 2019. OTC: CURLF investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Wakefiled, MA based Curaleaf Holdings, Inc. operates as an integrated medical and wellness cannabis operator in the United States. On July 22, 2019, the FDA sent a warning letter to Curaleaf stating that several of the Company’s CBD products sold on the Company’s website were “misbranded drugs” in violation of the Federal Food, Drug, and Cosmetic Act.

Shares of Curaleaf Holdings, Inc. (OTC: CURLF) declined to $6.39 per share on August 13, 2019.

The plaintiff claims that between November 21, 2018 and 22, 2019, the defendants made false and/or misleading statements and/or failed to disclose that Curaleaf Holdings, Inc, on its website and social media pages, marketed its CBD products to be used as drugs and dietary supplements, contrary to law, that Curaleaf Holdings, Inc also sold unapproved animal drugs on its website, that such conduct would result in a warning letter from the U.S. Food and Drug Administration (“FDA”), and that 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.

Those who purchased shares of Curaleaf Holdings, Inc. (OTC: CURLF) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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