LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Cronos
Group, Inc. To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Cronos Group Inc. (“Cronos” or the
“Company”) (NASDAQ:CRON) of the November 5, 2018 deadline to seek the role of lead plaintiff in a federal securities class action
that has been filed against the Company.
If you invested in Cronos stock or options between August 21, 2018 and August 30, 2018 and would like to discuss your
legal rights, click here:
www.faruqilaw.com/CRON. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by
sending an e-mail to rgonnello@faruqilaw.com.
Telephone: (877) 247-4292 or (212) 983-9330
The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased
Cronos securities between August 21, 2018 and August 30, 2018 (the “Class Period”). The case, Chanda v. Cronos Group, Inc. et
al, No. 18-cv-08047 was filed on September 4, 2018 and has been assigned to Judge Naomi Reice Buchwald.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose: (1) that
the size of Cronos’s distribution agreements with the provinces was relatively small; and (2) that, as a result of the foregoing,
the Company’s positive statements about its business, operations, and prospects, were materially false and/or misleading.
Specifically, on August 30, 2018, Citron Research published an article alleging that Cronos failed to disclose the size of its
distribution agreements with various Canadian provinces. The article further claimed that the size of these agreements was kept
hidden because they were too small to justify the Company’s stock price.
Following the publication of this article, Cronos’s share price fell from $12.74 per share on August 29, 2018 to a closing price
of $9.12 on August 30, 2018—a $3.62 or a 28.41% drop.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is
adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the
putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and
remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff
or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Cronos’s conduct to contact the firm, including
whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to
discuss your particular case. All communications will be treated in a confidential manner.
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FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
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