An investigation on behalf of investors in Cronos Group Inc. (NASDAQ:CRON) shares over potential wrongdoing at Cronos Group Inc. was announced.
San Diego, CA -- (SBWIRE) -- 02/16/2022 -- Certain directors of Cronos Group Inc. are under investigation over potential breaches of fiduciary duties by certain officers and directors at Cronos Group Inc.
Investors who purchased shares of Cronos Group Inc. (NASDAQ: CRON) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Cronos Group Inc. (NASDAQ: CRON officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
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 $3.12 per share on January 24, 2022.
Those who purchased shares of Cronos Group Inc. (NASDAQ: CRON) have certain options and should contact the Shareholders Foundation.
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