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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

(CRON) Alert: Did You Lose Money on Your Cronos Investment? Contact Johnson Fistel Regarding Investigation

November 9, 2021 GMT

SAN DIEGO, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Cronos Group Inc. (“Cronos” or the “Company”) (NASDAQ: CRON) for violations of federal securities laws.

On November 9, 2021, Cronos filed a Form 8-K with the SEC stating that “On November 8, 2021, Cronos Group Inc. (the “Company”), on the recommendation of the Audit Committee of the Company’s Board of Directors, and after consultation with KPMG LLP, the Company’s independent registered public accounting firm, determined that it will be required to restate its previously issued unaudited interim financial statements for the three and six months ended June 30, 2021, previously filed on Form 10-Q on August 6, 2021. The Company’s financial statements for this period should therefore no longer be relied upon.”

Following this news, the companies share price dropped 16% during mid-day trading hours of November 9, 2021.

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If you have information that could assist in this investigation, including past employees and others, or if you are a Cronos shareholder and are interested in learning more about the investigation, please contact Jim Baker ( jimb@johnsonfistel.com ) at 619-814-4471. If emailing, please include a phone number.

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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com

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