Eighty-One West Law PC (81W), Camp Fiorante Matthews Mogerman LLP (CFM) and Bennett Mounteer LLP (Bennett Mounteer) are investigating potential shareholder claims relating to the December 23, 2022 restatement of PlantX’s audited annual financial statements for the year ended March 31, 2021. The restated financial statements attribute the restatement to matters including the recognition of revenue from US sales transactions that lacked commercial substance under IFRS. The restatement appears to have had the effect of reversing approximately 98% of PlantX’s US sales revenue (approximately 60% of global sales revenue) recognized for the year ended March 31, 2021.
If you are a current or former PlantX shareholder who bought PlantX shares, on market or in an offering, from and including November 30, 2020 to and including December 23, 2022 and would like further information, please contact
nick@eightyonewest.com (Ontario) or
jthornback@cfmlawyers.ca (British Columbia).
81W is a boutique legal practice based in London, Ontario, handling complex capital markets disputes.
www.eightyonewest.com CFM is an established Vancouver law firm with a national and international practice known for its class actions experience. Learn more about CFM at
www.cfmlawyers.ca Bennett Mounteer is one of Canada's leading boutique class action litigation
law firms, with extensive experience in handling large commercial cases, such as the BridgeMark class action. Learn more about Bennett Mounteer at
www.bennettmounteer.com