TORONTO–(BUSINESS WIRE)–Morganti & Co., P.C., a cross border shareholder’s rights law firm, has commenced a shareholder class action lawsuit against Auxly Cannabis Group, Inc. (“XLY”) for publishing investor documents containing misrepresentations of material fact about the status of the completion date for the renovations being made to the facility in Cobourg, Ontario (the “Facility”) pursuant to the agreement Auxly had with FSD Pharma, Inc. (“HUGE”), as well as misrepresentations Auxly made about the date for planting of first harvest of cannabis at the Facility.
Based upon recently acquired evidence in the form of documents from TRAK International Green Energy Resources Inc. and from the City of Cobourg, the Class Period should expand from September 20, 2018, back to May 30, 2018.
If you purchased Auxly’s securities after May 30, 2018, you are encouraged to register on our Firm’s informational page found here: https://morgantico.com/auxly-cannabis-group-inc/.
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The Firm also represents investors in litigation against Aphria Inc. (TSX: “APHA”), FSD Pharma, Inc. (TSX: “HUGE”), HEXO Corp. (TSX: “HEXO”), Namaste Technologies Inc. (TSXV: “N”), and Wayland Group Corp. (TSX: “WAYL”).
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