Investigation announced for Investors in shares of Cronos Group Inc. (NASDAQ: CRON) over possible Violations of Securities Laws

An investigation was announced over potential securities laws violations by Cronos Group Inc. in connection with certain financial statements.

Investors who purchased shares of Cronos Group Inc. (NASDAQ: CRON), 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 focuses on possible claims on behalf of purchasers of the securities of Cronos Group Inc. (NASDAQ: CRON) concerning whether a series of statements by Cronos Group Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Canada based Cronos Group Inc. operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones and Happy Dance brands in the United States. Cronos Group Inc. reported that its annual Total Revenue rose from $23.75 million in 2019 to $46.71 million in 2020.

On November 9, 2021, Cronos Group Inc. 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."

Shares of Cronos Group Inc. (NASDAQ: CRON) declined from $6.79 per share on November 8, 2021, to $5.43 per share on November 10, 2021.

Those who purchased shares of Cronos Group Inc. (NASDAQ: CRON) 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.

This release was published on openPR.