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.
If you purchased shares of Curaleaf during the class period, contact Silver Law Group today at 855-755-4799 to discuss your options.
Curaleaf Holdings Alleged False and Misleading Statements Injure Investors
The lawsuit alleges that Curaleaf made false and misleading statements or failed to disclose that:
- In violation of the law, the company’s CBD products were marketed online as drugs and dietary supplements.
- The company sold unapproved animal drugs.
- The company’s actions would lead to a warning letter from the Food and Drug Administration.
- The company’s statements about its business were false and misleading.
When the details about Curaleaf’s behavior became known to the market, investors were injured.
Curaleaf Holdings Has 26 Medical Cannabis Dispensaries In Florida
Curaleaf Holdings, Inc. (CURLF) is one of the world’s largest cannabis companies with a market cap of more than $3.4 billion. The company has been pushing aggressively into Florida, which only allows for medical cannabis use, with 26 of its 49 dispensaries located in the sunshine state. The company has one store in Deerfield Beach and four in the Miami area.
Boca Raton, Florida Marijuana Lawyers
Silver Law Group represents the interests of investors who have been the victims of investment fraud. Our attorneys represent investors in class actions against issuers in state or federal court and investors in securities arbitration claims against Wall Street firms for stockbroker misconduct. Our cannabis securities fraud lawyers have handled other cases relating to the cannabis industry. Scott Silver is the chairman of the Securities and Financial Fraud Group of the American Association of Justice and represents investors nationwide in securities investment fraud cases. Please contact Scott Silver of the Silver Law Group for a free consultation at email@example.com or toll free at (800) 975-4345.