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Case Status:    DISMISSED    
On or around 11/02/2021 (Notice of voluntarily dismissal)

Filing Date: October 02, 2020

According to the Complaint, Aurora Cannabis Inc. produces and distributes medical cannabis products worldwide.

The Complaint alleges that through the Class Period, Defendants made materially false and/or misleading statements because they misrepresented and failed to disclose the following adverse facts pertaining to the Company's business, operations, and prospects, which were known to Defendants or recklessly disregarded by them. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Aurora had significantly overpaid for previous acquisitions and experienced degradation in certain assets, including its production facilities and inventory; (ii) the Company's purported "business transformation plan" and cost reset failed to mitigate the foregoing issues; (iii) accordingly, it was foreseeable that the Company would record significant goodwill and asset impairment charges; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

On July 7, 2021, the Court issued an Order appointing Lead Plaintiff. The Court issued an Order appointing Co-Lead Counsel on August 27. Lead Plaintiff voluntarily dismissed the case on November 2.

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