Securities Claims Against Cannabis Producer Fail To Meet Pleading Guidelines

Mealey's (September 27, 2022, 2:00 PM EDT) -- NEWARK, N.J. — Dismissal of lead plaintiffs’ claims made in a second amended complaint against a Canadian cannabis producer and several of its current and former senior executives is necessary because the lead plaintiffs failed to sufficiently plead the necessary elements of their federal securities law claims, a federal judge in New Jersey ruled....