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Case Status:    DISMISSED    
On or around 01/28/2019 (Notice of voluntarily dismissal)

Filing Date: September 04, 2018

According to the Complaint, Cronos Group, Inc. ("Cronos" or the "Company") is a cannabis company.

The Complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that the size of Cronos’ distribution agreements with the provinces was relatively small; and (2) that, as a result of the foregoing, Defendants’ positive statements about Cronos’ business, operations, and prospects were materially false and/or misleading, and/or lacked a reasonable basis.

On November 29, 2018, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. On January 28, 2019, Lead Plaintiff voluntarily dismissed this case.


Sector: Healthcare
Industry: Biotechnology & Drugs
Headquarters: Canada


Ticker Symbol: CRON
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 18-CV-08047
JUDGE: Hon. Naomi Reice Buchwald
DATE FILED: 09/04/2018
CLASS PERIOD END: 08/30/2018
  1. Glancy Prongay & Murray LLP (New York)
  2. Law Offices of Howard G. Smith
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available