Canadian Court see Through Aurora Cannabis Inc.’s Smoke and Mirrors

TORONTO (July 3, 2025).  Berger Montague (Canada) PC, a Canadian law firm that represents Candian investors, is pleased to report that the Court of King’s Bench of Alberta correctly released its decision in Landry v Aurora Cannabis Inc, 2025 ABKB 387, allowing Canadian investors to advance forward with their claims that they overpaid for Aurora’s stock. 

Aurora Cannabis blew a lot of smoke, adding over a year of delays to investors getting access to justice, had requested that the Court strike out the Amended Statement of Claim as an abuse of process, in whole or in part. 

The Court of King’s Bench of Alberta denied Aurora’s demand and confirmed that there was no abuse of process in the commencement of the action. The court held that the entire action may continue advancing causes of action under both the Alberta Securities Act and common law for negligent misrepresentation.  This situation is consistent with our client’s court decision in Stevens v Ithaca Energy Inc, 2019 ABQB 474; a cross-border and transatlantic certified shareholder class action, which has received substantial support across Canada. 

The Plaintiffs now intend to continue with their application for permission to proceed under the Securities Act and for certification as a class proceeding.  

Berger Montague is one of the nation’s preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. The firm is active in the fields of antitrust, commercial litigation, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For more than 50 years, Berger Montague has played lead roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.