Press release
Investigation for Investors in Green Thumb Industries Inc. (OTC: GTBIF) over potential Wrongdoing announced
An investigation on behalf of investors in Green Thumb Industries Inc. (OTC: GTBIF) shares over potential wrongdoing.
Investors who purchased shares of Green Thumb Industries Inc. (OTC: GTBIF) 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 concerns whether certain Green Thumb Industries Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Chicago, IL based Green Thumb Industries Inc. manufactures, distributes, and sells various cannabis products for medical and adult-use in the United States. Green Thumb Industries Inc. reported that its annual Total Revenue rose from $216.43 million in 2019 to $556.57 million in 2020, and that its Net Loss of $59.11 million in 2019 turned into a Net Income of $14.99 million in 2020.
After the markets closed on March 29, 2021, it was reported that Green Thumb Industries Inc. is under federal investigation for possible "pay-to-play violations" during its push to gain coveted growing and distribution licenses in Illinois and several other states. According to the article, federal officials are examining campaign donations and other steps that Green Thumb Industries Inc. took as it sought to acquire these licenses.
Shares of Green Thumb Industries Inc. (OTC: GTBIF) declined from $37.37 per share on March 18, 2021, to as low as $24.56 per share on March 30, 2021.
Those who purchased shares of Green Thumb Industries Inc. (OTC: GTBIF) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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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