LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Aurora Cannabis Inc. (“Aurora” or “the Company”) (NYSE: ACB) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Aurora announced its first quarter results on November 14, 2019. The Company suffered from a 24% drop in sequential quarterly revenues, including a 33% drop in revenue from consumer cannabis sales. The Company also announced a significant drop in capital expenditures and the halting of construction for its Denmark facility. Based on this news, shares of Aurora fell by 4.25% on November 15, 2019.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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