Aurora Cannabis Inc. (ACB) Investigated For Potential Securities Laws Violations

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.

Aurora Stock Drop

On September 8, 2020, Aurora Cannabis released a statement, which said that it expected fourth quarter net revenue to be below what analysts had estimated. The press release also said that the company would record $1.8 billion in impairment charges, write down the value of production facilities and inventory, and that it had terminated a partnership with the UFC.

Another announcement stated that Miguel Martin would replace interim CEO Michael Singer, effective immediately.

The day of the announcements, the company’s stock price fell almost 12%.

Aurora has been the subject of a class action lawsuit, which alleges that they company misled investors about its business and prospects. The lawsuit was filed after Aurora missed on financial results in 2019.

Recovering Aurora Cannabis Inc. (ACB) Investment Losses

If you have investment losses with Aurora Cannabis, contact Silver Law Group, a nationally-recognized class action law firm representing investors, to discuss your legal rights and potential options to recover your losses.

Lawsuits against “pot stocks” have become more common as many cannabis companies fail to meet expectations set by the companies. Our attorneys handle cannabis litigation for investors as well as disputes over the quality and quantity of CBD or cannabis in products.  Our cannabis lawyers have litigated cases of securities fraud, investment fraud, breach of fiduciary duty and insider misconduct.

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. 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 no-cost consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.