The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Tilray announced its financial results for the fourth quarter and full year 2019 on March 2, 2020. The Company suffered a net loss of $219.1 million for the quarter, a $112 million impairment charge related to assets, and a $68 million inventory write-down, falling far short of consensus estimates. Based on this news, shares of Tilray fell by more than 15% the next day.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="If you are a shareholder who suffered a loss, click here to participate.” data-reactid=”21″>If you are a shareholder who suffered a loss, click here to participate.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].” data-reactid=”22″>We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
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.
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<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="View source version on businesswire.com: https://www.businesswire.com/news/home/20200305005870/en/” data-reactid=”26″>View source version on businesswire.com: https://www.businesswire.com/news/home/20200305005870/en/
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Contacts” data-reactid=”27″>Contacts
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com” data-reactid=”28″>The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
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