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June 24, 2023
News
Another Cannabis Company smokes its investors: Restatement, Stock Drop, while Insiders get rich
(June 23, 2023) On May 10, 2023, Canopy Growth Corp. announced that it had discovered material errors with its accounting practices as it related to its BioSteel Sports Nutrition Inc. (“BioSteel”): “material misstatements… sales in the BioSteel business unit… timing of revenue recognition… material weaknesses in internal controls over financial […]
May 30, 2023
Cases
Court of Appeals provides Investors are provided guidance as to how to recover money from dishonest companies
(May 24, 2023) The Ontario Court of Appeal (Simmons, Benotto and Favreau JJ.A.) released a long waited decision in Markowich v. Lundin Mining Corporation concerning the interpretation and application of a “material change” within the Securities Act and when a responsible issuer must make disclosure of the material change. This […]
April 20, 2023
News
Another Investment Gone Up in Smoke: Where are the Regulators?
(April 13, 2023). The Ontario Superior Court of Justice, Honourable E.M. Morgan, issued a direction that he will refrain from further motion practice so the representative investors in the 4 Canadian class actions can prepare to resolve all the claims on behalf of all investors that purchased Wayland Group Corp.’s securities in […]
April 20, 2023
News
Shareholders of Auxly Cannabis Group Inc. get access to Internal Documents: The truth will be exposed!
(March 8, 2023) On behalf of shareholders, Class Counsel have been successful in reaching a Discovery Plan with Auxly Cannabis Group Inc. (“Auxly”) whereby it will turn over internal documents and emails of Chuck Rifici, Hugo Alves, and other insiders. Previously, FSD Pharma, Inc. produced hundreds of pages of internal documents […]
June 14, 2022
News
Wayland Group Corp. (F/K/A, Maricann): Ontario Court Grants Access to the Court to Investors
(June 14, 2022) The Ontario Superior Court of Justice, the Honourable E.M. Morgan, J., granted the investors motion to direct the register of the court to note Wayland Group Corp. (“WAYL”) in default pursuant to Rule 19.01(1) of the Rules of Civil Procedure. The investors’ causes of action are two-fold: […]
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