SAN FRANCISCO, CA / ACCESSWIRE / November 25, 2019 / Hagens Berman alerts Sundial Growers Inc. (NASDAQ:SNDL) investors of today's deadline to move for lead plaintiff in a securities fraud class action pending against the Company and urges SNDL investors who have suffered losses to contact the firm immediately.
Class Period: July 28, 2019 - Sept. 25, 2019
Lead Plaintiff Deadline: Nov. 25, 2019
Sign Up: https://www.hbsslaw.com/investor-fraud/SNDL
Contact an Attorney Now: SNDL@hbsslaw.com
(510)725-3000.
Sundial Growers (SNDL) Securities Class Action:
According to the Complaint, in connection with Sundial's August 2019 IPO, Defendants concealed that (1) Sundial did not supply saleable cannabis in line with contractual obligations to Zenabis Global Inc., and (2) before the IPO, Zenabis returned a half ton of cannabis because it was of poor quality and contained bits of rubber.
By August 20, 2019, when MarketWatch reported these issues, the price of Sundial shares closed down about 23% from the $13 IPO price and continued to decline through the remainder of the Class Period.
"We're focused on investors' losses and the extent to which Defendants may have misled investors by concealing product returns that appear to be about 10% of Sundial's sales," said Hagens Berman partner Reed Kathrein.
If you purchased shares of Sundial Growers and suffered significant losses, click here to discuss your legal rights with Hagens Berman.
Whistleblowers: Persons with non-public information regarding Sundial should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email SNDL@hbsslaw.com.
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About Hagens Berman
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Contact:
Reed Kathrein, 510-725-3000
SOURCE: Hagens Berman Sobol Shapiro LLP
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