The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Tilray Inc. Investors (TLRY)
March 10 2020 - 12:00PM
Business Wire
The Law Offices of Frank R. Cruz announces an investigation on
behalf of Tilray, Inc. ("Tilray" or "the Company") (NASDAQ: TLRY)
investors concerning the Company and its officers’ possible
violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to
participate.
On March 2, 2020 Tilray announced its financial results for the
fourth quarter and full year 2019. For the year, the Company
reported a net loss of $321.2 million, compared to a net loss of
$67.7 million the previous year. Moreover, Tilray “recorded
non-cash charges of $112.1 million related to impairment of the
Authentic Brands Group LLC (‘ABG’) agreement as well as $68.6
million in inventory reserves.”
On this news, the Company’s share price fell $2.33, or over 15%,
to close at $13.02 per share on March 3, 2020, thereby injuring
investors.
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If you purchased Tilray securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Frank R. Cruz, of The Law
Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los
Angeles, California 90067 at 310-914-5007, by email to
info@frankcruzlaw.com, or visit our website at
www.frankcruzlaw.com. If you inquire by email, please include your
mailing address, telephone number, and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20200310005405/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
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