Press release
Lawsuit filed for Investors in shares of Aurora Cannabis Inc. (NYSE: ACB)
A lawsuit was filed on behalf of investors in Aurora Cannabis Inc. (NYSE: ACB) shares over alleged securities laws violations.
Investors who purchased shares of Aurora Cannabis Inc. (NYSE: ACB), have certain options and for certain investors are short and strict deadlines running. Deadline: January 21, 2020. NYSE: ACB investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Canada based Aurora Cannabis Inc. produces and distributes medical cannabis products. On November 14, 2019, Aurora Cannabis Inc. announced its First Quarter Results and Corporate Action Plan. The results included a 24% quarterly sequential drop in revenue including a 33% drop in consumer cannabis revenue. The results also included a greater EBITDA loss than the previous quarter at CA$39.7M EBITDA.
Aurora Cannabis Inc. also announced a CA$190M reduction is capital expenditures, the halting of construction of the Aurora Nordic 2 facility in Demark, and its deferring final construction of its Aurora Sun facility. Finally, Aurora Cannabis Inc. announced that it would open an early conversion window for holders of CA$230M of convertible debentures.
Shares of Aurora Cannabis Inc. (NYSE: ACB) declined from $10.32 per share in March 2019 to as low as $2.14 per share on November 19, 2019.
The plaintiff claims that between September 11, 2019 and November 14, 2019, the defendants made false and/or misleading statements and/or failed to disclose that Aurora’s revenue would decline in its first quarter of fiscal 2020 ended September 30, 2019, that the Company would halt construction on its Aurora Nordic 2 and Aurora Sun facilities; and that 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.
Those who purchased shares of Aurora Cannabis Inc. (NYSE: ACB) 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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Lawsuit filed for Investors in shares of Aurora Cannabis Inc. (NYSE: ACB) here
News-ID: 1876318 • Views: …
More Releases from Shareholders Foundation
ALERT: Lawsuit filed for Investors who SOLD shares of Sina Corporation (formerly …
An investor, who sold shares of Sina Corporation (formerly NASDAQ: SINA) in the merger between Seina Corporation and TuSimple Holdings, Inc, filed a lawsuit over alleged violations of Federal Securities Laws by Sina Corporation (formerly NASDAQ: SINA in connection with certain allegedly false and misleading statements made.
If you sold a significant amount of shares of Sina Corporation (formerly NASDAQ: SINA) between October 13, 2020 and March 22, 2021, you have…
Lawsuit Alert: Investors who lost money with shares of Fluor Corporation (NYSE: …
An investor, who purchased shares of Fluor Corporation (NYSE: FLR), filed a lawsuit alleged violations of Federal Securities Laws by Fluor Corporation in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Fluor Corporation (NYSE: FLR) have certain options and for certain investors are short and strict deadlines running. Deadline: November 14, 2025. NYSE: FLR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779…
Investigation announced for Long-Term Investors in shares of Sable Offshore Corp …
An investigation was announced for long-term investors in shares of Sable Offshore Corp. (NYSE: SOC) concerning potential breaches of fiduciary duties by certain directors of Sable Offshore Corp.
Investors who are current long term investors in Sable Offshore Corp. (NYSE: SOC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in…
Lawsuit filed for Investors who lost money with shares of Lantheus Holdings, Inc …
An investor, who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH), filed a lawsuit over alleged violations of Federal Securities Laws by Lantheus Holdings, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH) have certain options and for certain investors are short and strict deadlines running. Deadline: November 10, 2025. NASDAQ: LNTH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com…
More Releases for Aurora
My Locksmith Aurora earns recognition for emergency and auto locksmith services …
United States, 24th Sep 2025 - When you're locked out of your car, home, or office, every minute feels like an hour. That's why having a trusted locksmith service on speed dial is essential. In Aurora, Colorado, the name that stands out for reliability, speed, and professionalism is My Locksmith Aurora. Offering both emergency and auto locksmith services, they've built a strong reputation as the go-to locksmith in the community.
Reliable…
Aurora Store Releases Dreamy New Summer Collection Inspired by the Ethereal Worl …
The Summer Launch Brings the Artist's Magical Aesthetic to Life for Fans Around the Globe
Image: https://www.globalnewslines.com/uploads/2025/06/28570aeb8c3930300e288aa7caecc417.jpg
Aurora Store [https://auroramerch.shop/], the premier merchandise destination for fans of acclaimed Norwegian artist Aurora Aksnes, has unveiled its brand-new Summer 2025 Collection. This dreamy release is designed to resonate with Aurora's global fanbase, offering a range of apparel and accessories that reflect her otherworldly music and nature-inspired artistry.
Speaking on behalf of Aurora Store, a senior…
Innovations In Aurora Kinase B Market Trend: A Crucial Influence on the Aurora K …
What market dynamics are playing a key role in accelerating the growth of the aurora kinase b market?
The surge in cancer occurrences is anticipated to fuel the expansion of the aurora kinase B market. Cancer, defined as a series of conditions marked by an unchecked growth and spread of abnormal cells that can infiltrate and move to other body parts, is on the rise. This increase has been associated with…
Aurora Kinase B Global Market Report 2025
What Are the Market Size and Growth Forecast for the Aurora Kinase B Market?
In recent times, the market size for aurora kinase b has witnessed a fast-paced growth. The market that was worth $1.14 billion in 2024 is forecasted to rise to $1.27 billion in 2025, boasting a compound annual growth rate of 12.1%. Factors contributing to this growth during the historic period include the escalating demand for cancer-specific therapies,…
MG Garage Door Repair Aurora Now Offering Emergency Garage Door Repair Services …
Image: https://www.getnews.info/wp-content/uploads/2024/11/1732590826.jpg
MG Garage Door Repair Aurora provides expert garage door installation services with tailored designs, energy-efficient options, and durable solutions for homes and businesses in Aurora, IL.
MG Garage Door Repair Aurora offers professional garage door installation in Aurora, IL, with tailored designs, durable materials, and expert craftsmanship for homes and businesses.
Aurora, IL - MG Garage Door Repair Aurora, a trusted name in garage door solutions, is proud to announce…
Illuminate Your Eyes with ZEELOOL AURORA Glasses
ZEELOOL AURORA Glasses seems to be a miniature version of Icelandic aurora, cleverly integrating the colors and light effects of this magical natural phenomenon into the design. Whether it's the dazzling green, the deep purple, or the gorgeous pink, ZEELOOL AURORA Glasses resembles a twinkling star in the Icelandic night sky, emitting a captivating radiance. It is not only a stylish accessory but also a tribute to nature which allows…
