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Pomerantz Law Firm Investigates Claims On Behalf Of Investors Of Aurora Cannabis Inc.

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NEW YORK, Sept. 14, 2020 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Aurora Cannabis, Inc. (“Aurora” or the “Company”) (NYSE: ACB).  Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Aurora and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

On September 8, 2020, Aurora issued a press release “announc[ing] an update on its business operations along with certain unaudited preliminary fiscal fourth-quarter 2020 results.”  Among other things, Aurora announced that the Company expected to record up to $1.8 billion in goodwill impairment charges in the fourth quarter of 2020.  In a separate announcement that same day, Aurora announced the appointment of Miguel Martin as the Company’s new Chief Executive Officer.

On this news, Aurora’s stock price fell $0.99 per share, or 11.63%, to close at $7.52 per share on September 8, 2020.

Source: https://lacannabisnews.com/pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-aurora-cannabis-inc/

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