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Investigation for Long-Term Investors in shares of Trulieve Cannabis Corp. (OTC: TCNN) announced

04-09-2020 09:42 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Trulieve Cannabis Corp. (OTC: TCNN) shares.

An investigation on behalf of current long term investors in Trulieve Cannabis Corp. (OTC: TCNN) shares.

An investigation was announced for current long-term investors in shares of Trulieve Cannabis Corp. (OTC: TCNN) concerning potential breaches of fiduciary duties by certain directors and officers of Trulieve Cannabis Corp.

Investors who are current long term investors in Trulieve Cannabis Corp. (OTC: TCNN) 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 OTC: TCNN stocks follows a lawsuit filed against Trulieve Cannabis Corp. over alleged securities laws violations. The investigation on behalf of current long term investors in OTC: TCNN stocks, concerns whether certain Trulieve Cannabis Corp. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Trulieve overstated its mark-up on its biological assets, that therefore, Trulieve's reported gross profit was inflated, that Trulieve engaged in an undisclosed related party real estate sale with Defendant Rivers' husband, 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 Trulieve Cannabis Corp. (OTC: TCNN) 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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