PR Newswire
NEW YORK
,
April 8, 2021
/PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of
Green Thumb Industries, Inc. (“Green Thumb” or the “Company”) (OTCMKTS: GTBIF). Such investors are advised to contact
Robert S. Willoughby
at
[email protected]
or 888-476-6529, ext. 7980.
The investigation concerns whether Green Thumb and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
After the markets closed on
March 29, 2021
, the
Chicago Tribune
reported that Green Thumb is under federal investigation for possible “pay-to-play violations” during its push to gain coveted growing and distribution licenses in
Illinois
and several other states. According to the
Chicago Tribune
article, federal officials are examining campaign donations and other steps that Green Thumb took as it sought to acquire these licenses.
On this news, Green Thumb’s stock price fell
$3.40
per share or 11.83%, to close at
$25.35
per share on
March 30, 2021
.
The Pomerantz Firm, with offices in
New York
,
Chicago
,
Los Angeles
, and
Paris
is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late
Abraham L. Pomerantz
, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See
www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
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SOURCE Pomerantz LLP
