The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Tilray, Inc. (“Tilray” or “the Company”) (NASDAQ: TLRY) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Tilray announced its financial results for the fourth quarter and full year 2019 on March 2, 2020. The Company suffered a net loss of $219.1 million for the quarter, a $112 million impairment charge related to assets, and a $68 million inventory write-down, falling far short of consensus estimates. Based on this news, shares of Tilray fell by more than 15% the next day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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