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Articles Posted in Marijuana Investments

Silver Law Group is investigating Aurora Cannabis Inc (ACB) on behalf of investors for potential violations of federal securities laws.  If you have losses from investing in Aurora Cannabis Inc. (ACB) stock, contact Silver Law Group for a no-cost consultation at (800) 975-4345 or by email at ssilver@silverlaw.com.  Aurora Cannabis Inc (ACB) is a publicly traded company headquartered in Canada that produces and distributes medical cannabis products. Aurora is the second-largest marijuana company after Canopy Growth Corporation, when measured by market capitalization.Silver Law Group is investigating Aurora Cannabis Inc (ACB) on behalf of investors for potential violations of federal securities laws.

If you have losses from investing in Aurora Cannabis Inc. (ACB) stock, contact Silver Law Group for a no-cost consultation at (800) 975-4345 or by email at ssilver@silverlaw.com. Continue reading ›

On September 3, 2020, the Unites States Securities and Exchange Commission (SEC) commenced a civil action against Illinois resident Geoffrey Thompson. According to the SEC’s Complaint, from July 2014 through June 2019, an entity founded and controlled by Thompson, Covalent Collective, Inc., offered several different types of investments to approximately 500 investors, raising more than $19 million. According to the SEC’s Complaint, Geoffrey Thompson and Covalent used a variety of methods to solicit investors, including the use of unregistered broker-dealers, press releases, an investor relations firm, a public website, and a call center operated by Thompson’s company, Fortress Legacy. The SEC lists the following fraudulent offerings as part of its new lawsuit:  Advantameds Convertible Promissory Notes Covalent Warrants Covalent Common Stock Covalent Promissory NotesOn September 3, 2020, the Unites States Securities and Exchange Commission (SEC) commenced a civil action against Illinois resident Geoffrey Thompson. According to the SEC’s Complaint, from July 2014 through June 2019, an entity founded and controlled by Thompson, Covalent Collective, Inc., offered several different types of investments to approximately 500 investors, raising more than $19 million. Continue reading ›

On July 29, 2020, the Securities and Exchange Commission (SEC), charged six individuals and their companies for their roles in a $25 million cannabis investment fraud. The SEC filed its federal Complaint in the Central District of California, charging these defendants with violations of the antifraud provisions of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, violations the registration provisions of Section 5 of the Securities Act, and violations of the broker-dealer registration requirements of Section 15(a) of the Exchange Act.  According to the SEC, Arizona residents Charles Lloyd, Mark W. Heckele together with California residents Anthony Todd Johnson (a/k/a Todd Johnson), Jeremy T. Johnson, Richard A. Portillo, and Michael R. Gregory defrauded over 400 investors in a scheme involving  investments in a cannabidiol (CBD) extraction company and a marijuana farm.On July 29, 2020, the Securities and Exchange Commission (SEC), charged six individuals and their companies for their roles in a $25 million cannabis investment fraud. The SEC filed its federal Complaint in the Central District of California, charging these defendants with violations of the antifraud provisions of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, violations the registration provisions of Section 5 of the Securities Act, and violations of the broker-dealer registration requirements of Section 15(a) of the Exchange Act. Continue reading ›

On April 21, 2020, the Securities and Exchange Commission (SEC) filed a Complaint for Injunctive and Other Relief (Complaint) against Steven L. Brickner. According to the SEC, Brickner “falsely represented to prospective investors that he would use their money to purchase the assets of a Colorado-licensed marijuana dispensary network . . .” and ultimately net investors substantial gains through a reverse merger IPO. In reality, Brickner did not own the assets he represented to investors and never filed any necessary documents to complete his promised merger or IPO. Instead, the SEC alleges that from 2015 to 2019, “Brickner misappropriated approximately $3 million of investor money to fund his lavish lifestyle.” According to the SEC’s press release regarding this matter, Brickner had more than 60 victims, most of whom were retail investors. The SEC alleges that Brickner violated various provisions of the federal securities laws. As part of the fraud, the SEC explained that Brickner, a 48-year-old Central Florida resident, operated FirstCanna Pharmaceuticals LLC, FirstCanna Financial LLC, FirstCanna Insurance LLC, and High Country Healing Co. LLC. The SEC Complaint highlights that Brickner’s LinkedIn profile and other background information create a façade of past success running a series of venture capital, finance, and other commercial companies in the Tampa, Florida area. However, Hillsborough County court records indicate that Brickner and one of Brickner’s prior ventures, VC Financial Management, LLC, were accused of defrauding a Tampa-based tech startup startup in or around 2014.  The SEC Complaint also indicates that Brickner filed for bankruptcy in 2016 and did not file a tax return in 2014 “because he had no taxable income.” This was far from the successful venture capitalist turned entrepreneur Brickner held himself out to be.On April 21, 2020, the Securities and Exchange Commission (SEC) filed a Complaint for Injunctive and Other Relief (Complaint) against Steven L. Brickner. According to the SEC, Brickner “falsely represented to prospective investors that he would use their money to purchase the assets of a Colorado-licensed marijuana dispensary network . . .” and ultimately net investors substantial gains through a reverse merger IPO. In reality, Brickner did not own the assets he represented to investors and never filed any necessary documents to complete his promised merger or IPO. Continue reading ›

Silver Law Group, a nationally-recognized class action law firm representing investors, is investigating Canopy Growth Corporation (CGC), a publicly-traded company involved in the production, distribution, and sale of cannabis in Canada, on behalf of shareholders of the company’s stock. The investigation concerns potential violations of federal securities laws.Silver Law Group, a nationally-recognized class action law firm representing investors, is investigating Canopy Growth Corporation (CGC), a publicly-traded company involved in the production, distribution, and sale of cannabis in Canada, on behalf of shareholders of the company’s stock.

The investigation concerns potential violations of federal securities laws. Continue reading ›

Curaleaf Holdings, Inc. (CURLF), a publicly-traded Massachusetts-based cannabis operator, is the subject of a class action lawsuit for alleged violations of federal securities laws.Curaleaf Holdings, Inc. (CURLF), a publicly-traded Massachusetts-based cannabis operator, is the subject of a class action lawsuit for alleged violations of federal securities laws.

Investors who purchased Curaleaf shares between November 21, 2018 and July 22, 2019 (the class period) are eligible to participate in the lawsuit. The deadline to apply to be lead plaintiff, or class representative, is October 4, 2019. Continue reading ›

CannTrust (CTST), a publicly-traded producer of medical and recreational cannabis in Canada, is the subject of a class action lawsuit filed on behalf of shareholders who lost money investing in the company. On July 8, 2019, news broke that CannTrust was growing cannabis in a greenhouse in Pelham, Ontario where regulatory approval was still pending. Holds were placed on the company’s inventory, and CannTrust says this will cause a product shortage. Analysts downgraded the stock.CannTrust (CTST), a publicly-traded producer of medical and recreational cannabis in Canada, is the subject of a class action lawsuit filed on behalf of shareholders who lost money investing in the company.

On July 8, 2019, news broke that CannTrust was growing cannabis in a greenhouse in Pelham, Ontario where regulatory approval was still pending. Holds were placed on the company’s inventory, and CannTrust says this will cause a product shortage. Analysts downgraded the stock. Continue reading ›

Silver Law Group is investigating Level Brands, Inc. (LEVB), a publicly-traded company that produces CBD (cannabidiol) products under the cbdMD brand, on behalf of investors concerning whether the company and its officers or directors may have violated federal securities laws, as well as violations by the selling stockbrokers.Silver Law Group is investigating Level Brands, Inc. (LEVB), a publicly-traded company that produces CBD (cannabidiol) products under the cbdMD brand, on behalf of investors concerning whether the company and its officers or directors may have violated federal securities laws, as well as violations by the selling stockbrokers.

If you are an investor and have suffered a loss with this company, you may be able to recover some of your losses. Continue reading ›

KushCo Holdings Inc. (KSHB), a publicly-traded company that sells a variety of cannabis-related products, is being investigated by Silver Law Group on behalf investors concerning whether the company and its officers or directors may have violated federal securities laws as well as violations by the selling stockbrokers.KushCo Holdings Inc. (KSHB), a publicly-traded company that sells a variety of cannabis-related products, is being investigated by Silver Law Group on behalf investors concerning whether the company and its officers or directors may have violated federal securities laws as well as violations by the selling stockbrokers.

If you are an investor and have suffered a loss with this company, you may be able to recover some of your losses. Continue reading ›

Petrotech Oil & Gas Inc. (PTOG) is a company based in Bedford, TX, and claims it is involved in petroleum recovery from oil wells that are considered “empty.” Using their own extraction technology with CO2 and N2 called “Gas-Injection EOR” (Enhanced Oil Recovery), Petrotech is able to recover 20% or more than previously thought possible.

The SEC Has Proposed New Regulations for Fiduciaries on silverlaw.comOn February 19, 2014, the company announced that it would also be entering the legal cannabis market in Washington and Colorado, causing their stocks to surge. Petrotech’s deal created subsidiary Legalizepot.us Management Group, Inc. (the site is now a blank page.) LP.US Management was intended to manage the growing companies where cannabis became legal, starting with Washington and Colorado.

On March 14, 2014, the SEC suspended trading for the company “because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, the company’s operations.” Trading resumed on March 28, 2018. The company was in the process of completing a 2-year audit to comply with SEC reporting standards to achieve full reporting status.

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